No I do not think so. I am bullish on HIVE as it is the building block of the block chain. However this is precedent on the number of users who require RCs. As of right now, LEO are making the most appealing applications and they are closest to releasing them. Also with all the liquidity pools being created, there is a shortage of LEO. Also over 80% of LEO is staked but I am not so sure about HIVE.

I still think HIVE will go up but there is more liquidity on HIVE and if HIVE starts to pump more, I can expect some people to power down and sell out part of their HIVE.