Have you ever thought about what is the Medibloc coin price prediction today? What is the medibloc coin in the first place and why does it seem that numerous crypto enthusiasts are interested in finding out more about it?
In recent years, the dynamic market for cryptocurrencies and various digital currencies that have gained their use value have attracted a lot of attention. In the current field of medicine, cryptography also has its role.
Today, it is also possible to obtain all the necessary information about the patient thanks to it. Medibloc (MED) was created for this very reason. Their goal is to revolutionize access to healthcare for individuals and the approach medical professionals take when treating their patients.
However, how and why was this coin created and what is the MediBloc price prediction? Read below!
What is MediBloc exactly?
MediBloc (MED) was based on Blockchain technology and was created in 2017 by South Korean doctors Eunsol Lee and Allen Wookyun, with the aim of allowing easy, secure and decentralized access to patients, doctors and other health professionals and storing data. crucial doctors.
According to the MediBloc white paper, patients manage personal clinical notes according to their individual needs, and gain full ownership and authority over individual health data.
With MediBloc, each individual patient can gain full control and view rights over their information, assign authorizations for various medical institutions, and authorize individuals to freely write data to it. On top of that, other private corporations, individuals, or research institutions could also access all the information with the proper permission.
Furthermore, with this platform, Application Programming Interface and Software Development Kit, developers and engineers can create entirely new services to converse data with MediBloc and enable healthcare application marketplace toggles.
Understanding MediBloc
In other words, MediBloc represents the health data ecosystem that puts patients first by developing “Panacea”, a high-performance blockchain designed to exchange health data while protecting individual privacy and improving data reliability. .
Through this decentralized, tamper-proof, blockchain-based system, individuals can ultimately have control over their data and use their health information according to their needs. This approach allows individuals to exercise sovereignty over their data in a secure and reliable way.
However, what is the MediBloc price prediction and the story behind its official currency, MED? Let’s get more information about it!
MediBloc Coin (MED) – Get all the information
MediBloc (MED) coin represents a specific cryptocurrency that can create and establish an economic ecosystem and participate in the platform. Every participant included in MediBloc will earn performance-based incentives in currency.
On the day of writing, the price of MediBlock is $0.01945. The 24-hour trading volume of this particular coin is $3.85 million, which is +0.10% in the last day. But before we get the full MediBloc price prediction for the next seven years, let’s get all the facts about its pricing history, shall we?
MED Price History
When MediBloc was first introduced to the open market in December 2017, it had an estimated value of approximately $0.02 to $0.03. At the time of its launch, the broader crypto market was experiencing a bubble, and the newly established coin was swept up in a significant rise, peaking at $0.20 in early January 2018.
However, when the bubble began to burst, the value of MED fell sharply. In early June of that year, the coin was trading for less than a penny. The value remained stagnant for the next 2.5 years. The catalyst for change was the rise of the cryptocurrency market in early 2021, which led MED to breach the one-cent threshold in February of that year.
After hitting an all-time high of $0.3528 on April 3, the coin’s bullish behavior did not end. It continued to ascend throughout March. Nonetheless, the inevitable decline eventually occurred, resulting in the value of the coin dipping below $0.20 on April 13 and falling further to below $0.10 on May 17. The Great Crypto Day Crash rocked the cryptocurrency market two days later, sending the coin into a steep decline, plummeting to as low as $0.023 in mid-June.
From August 2021 to today
In August 2021, the cryptocurrency market began to recover, and MED closed the month at $0.079. The following month, MED initially made good progress but closed at a closing value of $0.05936. In October, the coin closed the month at $0.07407. In November, the market was bullish and the coin saw a surge, hitting a high of $0.09195 for the month.
However, the market tightened on concerns about the Omicron strain of Covid-19, and MED closed the year at $0.05332. In January 2022, MED reached an intraday high of $0.05924, but fell to $0.04101 by the end of the month.
It rebounded to $0.04976 in February, but fell back to $0.03388 after Russia invaded Ukraine on February 24. Since then, the coin has slowly recovered and was trading around $0.049 on March 29, with a market capitalization of $263 million and then some.
MediBloc price prediction for the period: 2023 – 2030
Most of the people who are seriously interested and involved in cryptocurrencies are interested in knowing what the future holds for their preferred cryptocurrencies. In this regard, many analysts have also analyzed the medibloc coin, and this is what they say:
The MediBloc 2030 – 2030 price prediction table looks like this:
- The year 2023: Minimum Price: $0.027; Maximum Price: $0.028; Average Price: $0.32
- The year 2024: Minimum Price: $0.038; Maximum Price: $0.039; Average Price: $0.47
- The year 2025: Minimum Price: $0.054; Maximum Price: $0.055; Average Price: $0.066
- The year 2026: Minimum Price: $0.79; Maximum Price: $0.81; Average Price: $0.093
- The year 2027: Minimum Price: $0.12; Maximum Price: $0.12; Average Price: $0.14
- The year 2028: Minimum Price: $0.18; Maximum Price: $0.18; Average Price: $0.21
- The year 2029: Minimum Price: $0.25; Maximum Price: $0.26; Average Price: $0.31
- The year 2030: Minimum Price: $0.35; Maximum Price: $0.37; Average Price: $0.43.
What can merchants expect after 2030?
Regarding the MediBloc price prediction after the year 2030, traders can expect the MediBloc coin to reach a minimum value of $0.35 in 2030, $0.52 in 2031, and $0.75 in 2032. By the year 2040, we expect it to reach $0.1914.
Is it worth investing in the MediBloc coin?
Investing in MediBloc (MED) is a speculative venture that is highly dependent on the performance of the broader crypto industry. It is critical to adopt the right investment strategy to get the most out of your investment in MED. This type of investment may not be suitable for those with an asymmetric risk profile. However, it can become a lucrative option for those with a high risk tolerance and a solid financial foundation.
In addition to its speculative nature, investing in MED provides exposure to a thriving global technology and ecosystem. It is worth noting that there is always risk associated with any investment, and thorough research is recommended before making any investment decision.
Despite this risk, MediBloc’s projected growth suggests that it has the potential to continue to increase in value, especially given the current tight supply. Ultimately, it is up to individual investors to decide if investing in MED is a good fit for their financial goals and risk tolerance.
According to MediBloc’s positive price prediction for the next decade, moderately risky investments are always the best option. In this case, it is definitely worth buying the MediBloc coin.
Why is MediBloc so beneficial to the world today?
In some countries, patients can access their medical records as it is easily centralized. In contrast, medical life is complex in other places like the United States due to the centralization of private patient data and its complete privacy, according to the United States Health Insurance Portability and Accountability Act.
The centralization of medical data makes patients question its security. In addition, healthcare professionals may need help accessing their patients’ medical records. To solve these problems, two South Korean experts developed a unique solution: MediBloc!
The main benefits of MediBloc are:
- Gives patients greater control over their health data, allowing them to share it securely with the healthcare providers of their choice.
- Provide a decentralized platform for the secure and efficient storage and sharing of medical records.
- Ensure that patients have stronger control over their personal health information.
- Allow healthcare providers to access up-to-date patient information quickly and easily.
Bottom line
Storing and transferring medical records via the blockchain is a promising concept, but it is only useful in areas where this is a problem. In countries with centralized health systems like the UK, there are bigger problems to solve. Also, some people may be hesitant to share medical data through a blockchain due to a lack of understanding of how it works.
Another concern is that MediBloc’s competitors could rise up and outpace it, shrinking its customer base. Lastly, the failure of the coin to recover from the events of May 19, 2021 may make some investors wary of its future performance. Therefore, investing in MED or any other cryptocurrency requires careful consideration and risk management.
