Is Medibloc (MED) A Good Investment In 2022?

Introduction

MediBloc's healthcare information platform could be a personal data ecosystem for patients, providers, and researchers, built on blockchain technology. Our mission is to streamline medicine for patients, providers, and researchers by redistributing value behind personal healthcare data ownership. Through MediBloc, you'll be able to effectively own your medical data, providers can remove redundancies to produce better care, and your valuable data can help researchers push the advancement of medication faster than ever.

Also, MediBloc follows an open-source protocol and defines itself as a "decentralized healthcare information ecosystem built on blockchain technology for patients, healthcare providers, and researchers." Its blockchain platform allows it to trace and record everything revolving around your healthcare world, like doctors visits and record updates. Moreover, its native currency MediBloc (MED), will facilitate the content sharing of records through a rewards system. Both patients and providers are going to be compensated for his or her contributions to the ecosystem, and patients are ready to use the tokens to initiate routine medical transactions (e.g. pharmaceutical & insurance payments) with those partnered with Medibloc.

How Does Medibloc Coin (MED) Work?

MediBloc follows an open-source protocol and describes itself as "a decentralized health information ecosystem for patients, healthcare providers, and researchers supported blockchain technology." "The blockchain platform allows for tracking and recording everything that goes on within the healthcare world, like doctor visits and record updates. By accumulating all of a patient's medical record information during a single, concise format, reliable, expedited patient care can occur, and individuals are obligated to distribute their records.

In addition, the local currency MediBloc (MED) will facilitate the content sharing of records through an award system. Both patients and providers are going to be reimbursed for his or her contributions to the ecosystem. Patients are able to use the tokens to initiate routine medical transactions (for example, medication and insurance payments) with partners with Medibloc.

The platform could be a decentralized application (DApp) formulated on the Ethereum Virtual Machine (EVM). the final structure of the platform consists of core, service, and application layers. The platform will use the Medi Point system (MP), a points-based system that measures user engagement. to induce a better MP, you'll be able to perish with MED or contribute to the info network. After collecting MPs and waiting three months, you'll be able to convert your MP to MED.

Financial Analysis

Medibloc price today is $0.075655 with a 24-hour trading volume of $77,813,520. MED price is up 0.8% in the last 24 hours. It has a circulating supply of 5.4 Billion MED coins and a total supply of 8.59 Billion. At the time of writing this post (November 3, 2021), MED's Return On Investment (ROI) over the past year was 1,545%, exceeded in the 'Cosmos Ecosystem' category which had 912% growth over the past year. Medibloc underperformed in the crypto market which had 38586% growth over the past year.

Projects with public Github account have more transparency and reliability. Regularly, investing in projects with multiple contributors and commits is considered a safer and better investment (this means they are busy working and building the project). According to its Github account, there are Ziro Contributors to the development of MED.

Another critical factor in the success of any project is gaining public attention. Our data shows that MED's Twitter account saw a growth of 4% over the last months in the number of followers. Also, the number of MED Reddit subscribers increased by 30%, which is considerable.

Over the last five months, MED's Market Capitalization rank followed an overall increasing trend, starting at the rank of 155-185 on Aug-Sep 2021, reaching 182 in Oct 2021. However, by the time of writing this post, MED's market cap rank is about 216, and its value is $406,436,123 Million. Moreover, its liquidity score is 45% below the market's average score, making it relatively more difficult to sell in bear markets.

You are saying that Medibloc (MED) is the best cryptocurrency to invest in?

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