You can check out above graph to see how the market cap of Hive has changed over time. The market cap value depends on the value of Hive on that particular day and number of Hive in supply at that day.

How is Hive Market Cap calculated?

The Hive Market cap is calculated using a simple formula. You can find it below:

Hive Market Capitalization in USD = Number of HVN in supply X Price of one Hive in USD

Since the price of Hive is highly volatile you can see the market cap going up and down a lot. Sometimes price and market cap are not linear to each other due to increase in the supply of coins in the market and stable or decrease in the price of the coin. So you can say that it's not simple to predict the market cap of Hive or predict the price of Hive.