MediBloc Price Prediction for 2022-2026 |

The crypto market has been entering almost every sector. By providing solutions to centralized applications, the crypto world has found ways to solve the problem of having a single point of failure in the operating mechanism of their frameworks. 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 #199 with relatively less activity, making it an ideal subject to research. Sometimes, the projects with less attention are those where great opportunities lie.

MediBloc Overview

Cryptocurrency MediBloc
Ticker Symbol MED
Price $0.02909
Price Change 24h -5.51%
Price Change 7d -7.20%
Market cap $863,529
Circulating Supply 6,365,724,128 MED
Trading Volume $803,836
All time high $0.3528
All time low $0.001558
MediBloc ROI -41.10%

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. We will also 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. So let’s start!

The Overview of MediBloc Ecosystem

To summarize MediBloc (MED) in a sentence, it is a blockchain-based healthcare information ecosystem. It is a decentralized ecosystem for health care providers, patients, and medical researchers. 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.

The technology allows the producers of healthcare data to issue signed credentials by using a decentralized identifier or DID to patients. This will enable them to share their information with other consumers and allow cross-verification by running an authentication check with the DID document on the Panacea blockchain. It reinforces the healthcare service ecosystem by providing opportunities for everyone, such as medical professionals, institutions, insurance companies, and pharmaceutical companies. Everyone can earn rewards depending on their contributions and use the MediBloc (MED) crypto coins to expand their services in the ecosystem.

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. To add to this, 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 (MED) is to become a means for payment for several types of healthcare expenditures using blockchain technology in the future.

Use Cases of MediBloc

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. All of this is designed to connect patient-centered healthcare platforms. The information distribution method is based on an identity verification system that uses Panacea’s DID and data authentication. 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.

MediBloc (MED) Technical Analysis

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.

Medibloc Forecast

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 uptrend trajectory, but it could not. For the second half of 2021, MediBloc (MED) price stayed in a side trend and continued to struggle.

Medibloc Coin Price Prediction

As displayed by the Accumulation and distribution indicator, there were huge spikes in the first quarter of 2021 for the MediBloc price. There was no significant sense of where the heavy volume would take the 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, but it couldn’t take off again. 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.