I think 100 dollar hive is also probably rather meant as a hanger, than as a real target value in the foreseeable future. 100 dollars per hive would correspond (as stated in the comments) to a market cap of 40 billion rounded up. I have recently read figures regarding the Reddit IPO's and I think they were ~15 billion targeted evaluation.
If you compare Hive to Reddit at its current level, I think it's well behind. Not only in terms of user numbers, but also in terms of things like barriers to entry, negative PoS impact on new users, ease of use, and more. Of course, you also have to recognize advantages, such as transparency and immutability. But that is not enough in my opinion. Especially for new users, the advantage of Hive is probably often (at least this would also coincide with my experience in r/CC) that you get "free" tokens for your activity.And here I don't see a USP with Hive anymore, as Reddit will integrate this incentive across platforms and other platforms, see HDL - Headline on Algorand also develop corresponding models.
In order for 100 dolar Hive to be feasible, I think it would need..:
- Improved user-friendliness and diversity of the existing app offering.
- Increased visibility through marketing activities
- Easy way to secure assets via hardware wallets
- Establishment of a variety of "niche communities" with substance, whose main target group is not the veteran Hive users.
- A direct integration of the benefits provided via Hive Engine into the Hive Blockchain to reduce overall complexity.
- Improved developer documentation
- Promoted funding pools for new projects/developers on the Hive Blockchain.
- Diversified view of onboarding new users including content creators, developers, content consumers and advertisers.
And those are probably just a few items on a very long list from my - admittedly humble - perspective on Hive.
In particular, achieving this price target and also one of $50 per Hive, indeed $20 per Hive alone, will involve a long time horizon.
In German there are the proverbs "Was lange gährt wird endlich gut" (What goes on for a long time finally becomes good) or "Kommt Zeit kommt Rat" (Come time comes advice) and in my opinion the decisive key in the case of Hive is precisely this time.
I personally decided not to sell my - extra made liquid - Hive (other tokens included) recently, despite the apprupt rise and even if this is already more than play money for me. Because I think Hive can do more. The bet is on.
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