What is Medibloc Price Prediction? [2022 to 2030]

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MediBloc is a crypto project dedicated to solving the healthcare industry’s problems and changing the way it works.

The crypto MediBloc (MED) is currently ranked at number 199 with relatively less activity, making it an ideal subject for research. Sometimes, the projects with less attention are those where great opportunities lie.

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Medibloc price prediction

Table of Contents

What is MediBloc?

MediBloc is a blockchain powered data management system focused on the healthcare data system. In healthcare, medical data belonging to patients are dispersed and scattered across a number of healthcare providers and institutions across states and countries. Essentially, as a patient, every new doctor you see in every new hospital in every new town, city or country has a piece of your medical history. Healthcare devices and gadgets that analyze and take in data also hold a bit of your medical data in their storage system.

Scattered across various platforms and locations, it would be very difficult if not nearly impossible for a healthcare provider to obtain a full and complete record of one’s medical history for the most accurate diagnosis or the most efficient course of treatment as the case may be. MediBloc provides a data integration system that assembles every bit of medical information on a patient with real-time updates for every new entry into the system such that at any point in time, the system can be accessed for a patient’s comprehensive medical history.

The use of the blockchain for such useful applications is also evident with other cryptos like Ardor (ARDR) and Cartesi (CTSI).

MediBloc Overview

We will take note of the current markets sentiments, the investments opportunities and use technical analysis with price forecast to find if there will price rise or decline for the next few years. The MediBloc price rise hasn’t been observed for quite some time now, and the MediBloc price today is no different. Here, we will look at the MediBloc coin price prediction, along with the current price analysis, the future price, and the MediBloc price forecast.

MediBloc (MED) is a decentralized ecosystem for health care providers, patients, and medical researchers. It is a blockchain-based healthcare information ecosystem. It was established in 2017 by Eunsol Lee and Allen Wookyun Kho. The team has created several patient-centric Apps.

One of those apps that has gained recognition is the Medipass that offers users a streamlined service for healthcare insurance claims. The healthcare data ecosystem protects individual’s privacy using Panacea blockchain technology. The goal is to enable a decentralized, tamper-proof blockchain ecosystem that gives power to the personal and allows them to control and use it according to their requirements.

One of the exciting things about MediBloc is how it manages security. As we all know, healthcare data is pure gold, and storing it on the blockchain won’t be deemed safe because of its sensitive and personal nature. Since anyone can access the blockchain as it’s a public ledger, directly recording the information can cause leaks. MediBloc (MED) ensures that information is stored and managed only at the user’s endpoint to mitigate this risk. In addition, it is always encrypted before transmitting to a separate channel to ensure that high-security standards are maintained during the sharing process. The DID authentication mechanism offered by Panacea ensures that the information sent is correct and reliable.

What is MediBloc Coin?

The MediBloc (MED) coin aims to incentivize participation and create an economic ecosystem in the network. Depending on the participant’s contribution towards the MediBloc platform, they receive rewards in the form of the MED coins. Healthcare providers who contribute to the production of medical health records and distribution of the same are entitled to the fair share of incentives as well as the customers or patients. The plan for MediBloc is to become a means for payment for several types of healthcare expenditures using blockchain technology in the future.

MediBloc Applications

MediBloc has two prominent use cases as of now. The first is its Dr. Palette (EHR) software for medical institutions that creates and provides health information within the MediBloc ecosystem. The EHR medical data can include Step count, blood pressure, heart rate, or blood glucose levels. The second is the Medipass. Medipass is a PHR solution that allows patients to manage the personal health data that medical institutions have recorded.

The PHR medical records may include diagnosis, treatment, medications, and vaccination history. The information distribution method is based on an identity verification system that uses Panacea’s DID and data authentication. All of this is designed to connect patient-centered healthcare platforms. The MED can thus be used to incentivize the network participants to contribute to the ecosystem so that the patients can have complete control over their health details and have the right to control, use, and access them.

How Does MediBloc Work?

The platform is a decentralized app (DApp) formulated on the Ethereum Virtual Machine (EVM). As seen in the image below, three layers create the overall structure of the platform: Core, Service, and Application. In the three layers, the information that will be held pertains to personal information, medical data, and MED account (users, providers, researchers) balance.

MediBloc Core

Since blockchain storage is limited, the Core layer supplies extra storage to counter healthcare data loss.

MediBloc Service

Using Smart Contract technology, this layer connects the Apps layer with the Core layer and allows for “data input/output through connection with the Core layer”.

MediBloc Application

This layer enables people to use various applications (e.g. mobile applications) to access and manage the information.

MediBloc Price Chart

The price of MediBloc started to surge in the first quarter of 2021. The chart shows an increase in volume compared to the average trading volume for the prior period of 2021. In the month of February 2021, the MED price started to increase gradually at first, as the RSI created an overbought signal, and the MediBloc price increased ten folds in a matter of weeks.

The Bollinger bands displayed an increase in volatility as the MediBloc prices couldn’t stop surging. In March 2021, the MED value formed a consolidation base of almost a week or two and spiked in prices in just two days creating its highest price in the month of April 2021. This MediBloc price increase did not sustain itself as the value declined and formed a down-trending pattern from the month of April to June. The MediBloc price reached its lowest point in June as the RSI hit an oversold condition. The MediBloc price then began to move up and looked as if it was ready to resume its bullish trend, but it could not. For the second half of 2021, MediBloc (MED) price stayed in a side trend and continued to struggle.

There was no significant sense of where the heavy volume would take the price. As displayed by the Accumulation and distribution indicator, there were huge spikes in the first quarter of 2021 for the MediBloc price. Regardless, the price trended upwards and moved above its 50-day moving average and strongly stayed in an uptrend from mid-February to the first week of April 2021. Currently, the Accumulation/ Distribution indicator is stable with 13.86M.

The MediBloc (MED) price fell below its 50-day moving average and stayed that way till June 2021.It seems as if the spike in price resulted from unpredictable conditions rather than perfect fundamentals or sentiments. In the 2021 year-end, a flat line in the Accumulation/ Distribution indicator can be seen because there is no volume figure available. Since December 4 2021, there has been a sharp decline in the price of MediBloc. A slight recovery was observed in January 2022, but again there was a downfall in the price since then.

The circulating supply of the MediBloc currently stands at 5.35,382,401,140 MED tokens. The current market cap is $266,207,741.04, with a fully diluted market cap at $388,389,539.46. The total supply of MediBloc (MED) tokens is 7,852,770,516 MED.

MediBloc Price Predictions 2022-2030

MediBloc price predictions are difficult to form since the underlying fundamental analysis can’t be done because it lacks the new coverage. The pros and cons are solid. That is, it is very easy to implement. The transactions are free with no hidden charges.

Traders should use proper risk management and strategies with their own investment style to generate the most optimal results. Every investor or trader has their own trading style of investing and should adhere to the proper risk and portfolio management. The following are the MediBloc price predictions from 2022 to 2026 that will help you invest the right way.

Disclaimer

Before we even start this, I should clarify that past performance is not indicative of future results, and you should always approach trading with a set of fundamental principles that guide your trades. Historical data and technical price analysis help but they are not always conclusive. That being said, we have to acknowledge that crypto prices are arguably the hardest ones to predict because they are complex instruments we are still learning about. That shouldn’t stop you from taking into account experts’ opinions and forecasts when investing because they may give you a different perspective concerning factors that may affect future price forecasts of the cryptocurrencies.

Although we have medibloc price predictions information, this is not indicative of medibloc price forecast.

This is not investment advice and you will be better off doing your own research before getting involved with the crypto market. If possible, talk to your financial advisor if you intend to invest in the crypto market because if you get it right, historical price analysis can help.

MediBloc Price Prediction 2022

Based on our forecast, it might be a good time for an investor to jump on board and buy MED coins since the coin is near its support levels. Technical analysis and short-term forecast suggest that the minimum price of MediBloc may be $0.0603, and the maximum price may be $0.0688. As per our predictions, the average trading price is expected to be about $0.0647.

MediBloc Price Prediction 2023

Although the coin was stable for quite a long, our forecasts indicate that it won’t be the same anymore. If the current trend continues, the coin will give good returns.

The average price is predicted to be $0.0735 in 2023, with a minimum price value of $0.0652 and a maximum price level of $0.0805 as per our MED price prediction.

MediBloc Price Prediction 2024

According to the forecast for 2024, the minimum price and maximum value of MED tokens are expected to be $0.0604 and $0.0851 respectively. The average forecast price will be $0.0722 as per our MediBloc forecast.

MediBloc Price Prediction 2025

The long-term predictions for the coin look really bullish after analyzing its past performance with some prominent indicators. As per our prediction, MediBloc token’s minimum price and maximum price for the year 2025 are predicted to be around $0.0851 and $0.11 respectively, with an average price of $0.0946 throughout the year.

MediBloc Price Prediction 2026

Based on our prediction, the average MediBloc price is forecasted to be $0.0887. The maximum price will be $0.10, and the minimum price will be $0.0801 for this year. As per our predictions, the coin will see a huge spike in its demand due to technological upgrades and collaborations.

MediBloc price prediction 2030?

As per our MediBloc price forecast 2030, the minimum price, maximum price, and average price of MediBloc are expected to be $0.22, $0.23, and $0.22 respectively. As per our forecasts, having a long-term investment in the token will definitely be a great idea in the long run.

Where can I buy MED coins?

You can trade the MediBloc digital coins on Gate.io and Bittrex. These are some of the exchanges that are quite popular in the crypto community because of the account setup and liquidity. The official website also recommends Upbit and Korbit for trading the MediBloc (MED) tokens though they are available only in South Korea. Our forecasts suggest that holding the coin will be profitable.

Is MED a good investment?

Yes, MediBloc is an excellent investment as per the forecast and predictions. You may buy MediBloc or sell MediBloc, but do your own research and don’t rely solely on other prediction or other forecasts for the short term. The coin will generate a good return and be a profitable investment in the long term. MediBloc still has a great road ahead, and the Korean market may just be the humble beginnings.

The idea does hold good investment potential, but it has to grow and gain market acceptance. As of now, the company does not have a significant market presence globally. But it is expected to grow, and soon it might become mainstream. But till then, the asset itself should be considered risky for traders. Investors should use the proper risk management and hold long-term positions over the years.

Conclusion

MediBloc seems to be in its infant stages however, there’s a lot of potential in the foreseeable future. MediBloc was designed with the goal of creating a patient-centric decentralized healthcare ecosystem.

Although the analysis indicates that MediBloc (MED) upward trend momentum will continue, the future price is also subject to market forces that often dictate how cryptocurrencies will perform. That being said, you should not ignore the fact that the market, particularly that of cryptocurrencies is inherently volatile. I hope that this MediBloc price prediction was of help to you.

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David Fortune

David Fortune has been the editor NoBSIMReviews.com since 2019. He is an expert at writing content on stock advisory services, side hustles, reviewing online business opportunities and many more topics. You can learn more about David on our about us page.

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