RE:DEC 22nd HIVE: 2.86 ETH:592, JAN 6th: HIVE: 2.86 ETH:1190Hive ran up much more quickly than the prices of Ethereum and Bitcoin to the point where they were overstretched - their EPS for this past quarter will likely sit around $0.02 based on the number of coins they mined, which puts them at a valuation of about $1.20 (not considering future growth of course). That's just the math side.
Yes - I believe in the thesis that Ethereum and Bitcoin are going much higher, but I also see a short-term pullback because of the recent parabolic increase (this would be healthy - we need it to go down again in order to establish a long-term trendline upwards).
I'm not alone in that either - there are others that are hesitant about acting in the market now as well due to the potential for a pullback after such a quick run-up.
Long term - Hive should be, as long as they stay on strategy, way higher than it is today. So your time horizon matters.