What are the main reasons that the market values Populous as having a market cap 40x that of
https://www.hive-project.net? Surely they are at the same stage of development and both targeting the same market?

Populous was the first mover which indicates that they know what they're doing more than their competitors.
Oh I see! Just like FriendsReunited and MySpace!? I get your logic and totally don't agree! What with everyone saying they missed the golden opportunity in PPT I'm surprised people arent looking further than their regrets and instead try to identify the second and third movers in this market. Hive is ideal and has a month full of exciting annoucements ahead including speaking on a panel with Msstercard and Capital One. As always DYOR...