Connect with us

Altcoins

SOLVE Token Could Be A Huge Long-Term Winner

Published

on

Solve.Care

A lot of articles have been written about an altcoin apocalypse.  With so many tokens entering the market, it is inevitable that not all of them will survive.  When trying to analyze pick out the best projects, the following criteria should be used:

  • Very active community
  • Strong potential for mass adoption
  • Valuable partnerships
  • Experienced leadership

If a project scores well in at least three of the above criteria, it’s a winner.  When it scores well in all four, it has the potential to be a blockbuster.  That potential blockbuster is Solve.Care.

Background

Solve.Care has developed a revolutionary platform that will significantly improve care outcomes by reducing healthcare administrative costs.  The platform will also go a long way toward eliminating a lot of the problems commonly seen within healthcare administration such as duplication, waste, abuse, and fraud.  I firmly expect Solve.Care to generate cost savings by facilitating peer-to-peer transactions that grant authority to stakeholders while empowering payers regarding cost control and oversight.

SOLVE token completed its token sale last year in May.  The company sold 350,000,000 tokens and still has 650,000,000 in its treasury.  The great news is that the token has been recently listed on both Bittrex and KuCoin, two of the largest and most trustworthy exchanges in the world.  Given the recent incidents, especially the Cryptopia hack, being on a trustworthy exchange is of paramount importance.

Active Community

I won’t spend a great deal of time focusing on this as this is probably the least important of the four criteria mentioned earlier but Solve.Care is doing quite well on this front.  The company’s Reddit page has over 1,300 subscribers while the Twitter handle is even more impressive with over 11,000 followers.

In addition to social media, the company appears to be generating a strong following in mainstream media.  In 2018, Solve.Care had over 5,000 media mentions, including articles in FinTech Times, Forbes, and a video interview with CNBC Arabia.

With so many projects in the crypto space, spreading awareness is imperative to success.  Solve.Care is definitely doing what’s needed on this particular front.

Strong Potential for Mass Adoption

With the complexity of today’s healthcare system, it is imperative for businesses to come up with new innovative ways to reduce the strain and burden faced by many of the market’s participants.  Solve.Care is a win for everyone involved.

The platform puts individuals in control of their healthcare in an easy and efficient way.  Individuals can easily set appointments, share records, price shop, generate discounts, manage prescriptions, understand specific care information, make payments, and maximize benefits.  This is especially true with the launch of Care.Wallet for Family.

Care.Wallet for Family is a healthcare application that allows the user to connect to one or more Care Administration Networks (CAN) to manage their healthcare benefits and manage their health conditions.  New releases of Care.Wallet will automatically download Care.Cards for tasks such as managing prescriptions, verifying benefits, making appointments, managing disease conditions and simplifying the administrative and care coordination process.

In addition to individuals and families, Solve.Care is likely to gain mass adoption among physicians as well.  The platform strives to reduce the administrative burden, deliver better quality of care and provide for more face to face time between doctor and patient.  Because of Solve.Care, doctors will be able to show their availability, double check patients’ medical coverage (including deductibles), have better access to highly accurate records, write prescriptions and coordinate with specialists and labs.  If it’s one thing that doctors absolutely hate, it’s wasting time on paperwork and dealing with insurance companies.  Solve.Care completely eliminates the need for that.

The company took the adoption possibility one step forward with the launch of Care.Wallet for Physician.  This solution displays provider quality data and distributes financial rewards.  Arizona Care Network will use these rewards to align providers with the mission of improving populating health at a lower total cost of care.  Care.Wallet for Physician is the first solution in history utilizing blockchain technology and digital currency (i.e. value-based payments) in the U.S. healthcare industry.  The value-based payments occur with the healthcare digital currency called Care.Coin.

With many cryptocurrency projects failing to live up to expectations, it’s nice to finally see one go above and beyond what many thought possible.

Valuable Partnership with Arizona Care Network

Starting a new business, especially one attempting to disrupt an industry as powerful as the U.S. healthcare system, requires strategic partnerships.  In February 2018, Solve.Care inked a huge partnership with one of the largest accountable care organizations in the United States.  This is a huge, strategic partnership for Solve.Care because ACN has a network of more than 5,500 doctors covering more than 250,000 clients.  Between this partnership, Care.Wallet for Family and Care.Wallet for Physician, Solve.Care has continued to demonstrate its ability to develop blockchain-based healthcare solutions.  It is quickly becoming a major player in the U.S. healthcare market.

Leadership

A company’s leadership is an often-overlooked area when evaluating cryptocurrency projects but it’s one that is essential.  Without the guidance and strategic vision from capable executives, a company often flounders about without a true identity.  Fortunately, Solve.Care is being run by someone with incredible experience in the field, Pradeep Goel.

Pradeep has 26 years of experience working in a variety of areas including technology, human services, healthcare, and finance.  He has been able to hone his leadership and managerial skills by holding various titles such as Chief Executive Officer, Chief Operations Officer, Chief Information Officer, and Chief Technology Officer.  Pradeep previously built 4 healthcare IT companies. Because of that wealth of knowledge and leadership acquired over time, Pradeep will be able to guide Solve.Care through all the challenges that start-up businesses face.

Final Thoughts

Cryptocurrency has been extremely challenging over the past year.  Without a clear direction of where things are headed, token owners will need to be more careful than ever.  Instead of chasing a quick buck, token owners need to carefully look at a project’s underlying business, goals, and leadership.  After looking at Solve.Care, I firmly believe in its potential to be a long-term winner!

For the latest cryptocurrency news, join our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

Altcoins

Solana Price Surges Beyond $100, Dethroning Ripple and BNB To Secure Fourth Place

Published

on

By

Solana price performance in recent times has been remarkable, surpassing Ripple and Binance Coin to become the fourth-largest cryptocurrency by market cap. The SOL price breached the critical level of $100 for the first time since April 2022 over the weekend to imbue optimism among investors. However, the altcoin has corrected by 7%, suggesting that the market is overheated. At the time of writing, the ‘Ethereum killer’ was trading slightly lower at $111.60.

SOL Outlook

Solana price has made a significant recovery over the past few weeks, climbing above the psychological level of $100. The altcoin has been one of the best-performing assets this year, extending its year-to-date gains to more than 1,025%, with more gains recorded in the past month alone. However, even with such growth, analysts have noted that Solana has a bleak chance of topping its ATH of $260.

The reason behind this is the increase in supply relative to its value. In November 2021, when the Solana price hit its all-time high of $260, its total market capitalization was around $78 billion. Despite the value of the crypto asset being less than half of what it was at the top, its market cap is currently hovering near $50 billion.

This has been brought about by the increase in the Solana supply by more than 100 million SOL over the past two years. According to some analysts, for the altcoin to retest $260, its…

Continue Reading

Altcoins

Solana Price Skyrockets to 20-Month Peak Amidst Memecoin Frenzy

Published

on

By

Solana price has noted significant gains over the past few weeks, climbing to its highest level since April 2022. The ‘Ethereum Killer’ almost topped the crucial level of $100 on Friday, before pulling back slightly. The asset’s recent surge has catapulted Solana’s total market cap to $39.6 billion, ranking 5th after and above BNB and XRP, respectively. Solana has jumped by more than 22% in the past week and more than 80% in the month to date. At the time of writing, SOL price was trading 0.90% lower at $93.10.

Catalysts Behind SOL’s Rally

Solana price has been on a strong bull run over the past few days, rocketing to its highest level in 20 months as the network benefits from the substantial activity and strong interest in memecoins. The SOL token, the native digital asset of the high-performance blockchain platform Solana, has shown some serious strength over the past few weeks, outperforming all the altcoins in the market.

The recent surge in the Solana price has been linked to heightened on-chain activities on the Solana blockchain. Notably, the ongoing hype for the blockchain’s speedy transactions, cheap fees, and a lottery of meme coin issuances has buoyed SOL’s on-chain activity. Metrics have revealed that Solana has been the strongest draw among on-chain traders, with trading volumes and network fees outperforming Ethereum- the largest altcoin by market cap.

Cited figures provided by DeFi aggregator DeFiLlama

Continue Reading

Altcoins

Solana Price Breaches $60 Amid a Symphony of Bullish Indicators

Published

on

By

Solana price has jumped more than 8% over the past week, breaching the important level of $60. At the time of writing, Solana was trading 3% higher at $61.07. The asset’s total market cap has climbed to $25.9 billion over the past week, ranking it the 6th largest cryptocurrency after XRP. The total volume of SOL traded over the last day has declined by 8%.

SOL’s Bullish Cues

Solana’s price has been among the best-performing cryptocurrencies this year amid continuous growth. The “Ethereum killer” has consistently impressed investors throughout the year on the back of a resurgence in bullishness, which saw SOL’s price climb more than 513% in the year to date. Institutional investors have also shared the bullish sentiment, making Solana their most preferred altcoin.

In the week ending November 24, Solana recorded inflows worth nearly $3.5 million, significantly more than the other altcoins’ inflows combined. The asset’s monthly inflows were higher at $40.2 million, lower than Ethereum’s $99.6 million inflows in the same period. Other altcoins, including Litecoin and Ethereum, noted significant outflows, making Solana nearly half of the home for DeFi. This implies that when it comes to institutions, Solana is currently the best-performing altcoin with the potential of a long-term rally much higher than other digital assets.

Notably, the Solana DeFi ecosystem accomplished a significant milestone earlier this week. Its Total Value Locked (TVL) hit a new yearly peak of over $655 million,…

Continue Reading

Trending