A few years ago, Hive's parent blockchain, Steem, was in top 20 cryptocurrencies by market cap. It was at that time when it was traded at $8 a coin. Hive was never so high in value, it reached its all time high by now today, close to 2$. But crypto market has changed since 2018 a lot, it had its deep and it got to a new high. Now in order to reach top 20, Hive will need to have a bigger value per coin.
At almost $2 a coin, Hive is on place 139 in the top, with a market cap of ~$700 million. In order to get to top 20 cryptocurrencies, it will have to surpass the latest one - right now Chainlink - which has a 12 billion dollars market cap.
If we divide this number by the circulating supply of Hive we will get a price of about $32 per coin.
This is the price that Hive will need to have in the near future to reach top 20 cryptocurrencies. Let's not forget that the market is changing really fast (they even get outdated as I am writing this article) so keep in mind that its value may be different, but anyway it would be nice to see it there.
What do you think, does it sound realistic?