Price Prediction of MediChain After ICO

With the upcoming ICO of MediChain my price prediction for the MediChain Token (MCU) after its ICO is as follows.

The token presale is from 5 February 2018 to 10 February 2018. The token sale happens from 1 March 2018 to 30 April 2018. There is some excitement around this ICO as https://cryptocoin.news has listed it as one of the top upcoming ICO’s. 

The price of 1 MCU (MediChain Utility Coin) is $1. The maximum discount on the presale is 50%. The effective price for 1 MCU is $0.67. This is not bad considering that the average price will be $0.8. 

The company is not disclosing at this stage which exchanges it plans to list however it does intend to list on a number of exchanges. This is due to the timing (pre-sale). They have assured potential investors that they will be listing on an exchange post ICO.

If we look at ICO’s for companies operating in a similar space for example MediBloc. MediBloc’s ICO ended on 15 December 2017. The price has gone up $0.02 to $0.08, so any investor who got in early has done well. The ICO was a success and managed to raise $30,000,000. It is a 4 fold returns upon listing. At the high, MediBlock’s token reach a all time high of $0.287, representing a 14 times returns. But the price of their token has since came down together with the entire crypto market; which is natural and not due to any negative issues.

The price of MCU will be driven by the demand for it and the use of the coin will determine the demand for it. I foresee that the demand for the usage of MCU will be huge. 

MediChain Utility Tokens (MCU) represents the value of arbitrary patient data blocks. These tokens will be used for a number of different purposes creating a demand for the coin. 

The MCU coins will be used for the sale of anonymous medical data to research and pharmaceutical companies. These pharmaceutical companies use the data for the purpose of developing drugs. The annual drug development budget in the US is $153 billion dollars per year, the market for this type of data is enormous. This means there will definitely be a demand for the coin.

MediChain has already been in discussion with a number UK and US healthcare, research institutes and projects and major providers of Electronic Records Systems and expects to announce over a dozen collaborative big data programs with major institutions from Q2 2018 onwards.

The partnerships will also provide MediChain with the initial big data.  So anyone wishing to purchase MediChain data will use MCU’s to purchase it. Data is available through one or more marketplaces to buyers.  The MCU’’s will be bought with fiat. This will create a demand of MCU’s and the higher the demand the greater the price will increase. This is a inbuilt demand for MCU and naturally price of MCU will rise.

As the companies partners with more and more pharma, insurers and researchers there will be an increase in demand for MCU. Holding onto MCU’s will result in price increases as more pharma and research companies look to acquire the coins for the purpose of purchasing research data in the market place. 

Patients can also use the coins for digitally transmitted medical services such as lab tests and X-rays. The coins can also be used for discount purchase of compatible devices which may include Fitbit products like the Fitbit Alta HR, AliveCor Cardiac Monitors like the Kardia, Apple Watches like the Apple Watch Series 3 and related health kit products from partners. Demand and market for these devices is very big. This will create additional demand for the coin and drive up the price.

Based on all of the above I think there will be a large amount of upside to this coin after the ICO. If we are looking at the same returns as Medibloc, then at 4x and 14x, MCU could be worth $1 or $14 potentially. This is indeed a ICO to watch and invest.