The price of SXT Crypto was announced today after Microsoft announced that the blockchain data from Space and Time to its Fabric Analytics platform.
SXT (SXT), the native token of decentralized data platform space and time, rose to 37% to an intraday high from $ 0.146 on 21 May Morning Asian time.
The Rally followed Microsoft’s announcement that it would start with integrating real-time blockchain data freeth in Microsoft Fabric through a partnership with Space and Time Labs, a crypto-startup that was previously supported by a Microsoft Venture Arm.
According to 20 May announcementWith the collaboration, Microsoft Fabric users will gain access to verifiable data from Bitcoin, Ethereum and Sui Blockchains via Azure Oneelake, a cloud data storage solution that is often described as an “OneDrive for Data”.
For the non-dedication, Microsoft Fabric is an end-to-end analysis platform that unites different tools in the Microsoft data suite, including Azure Data Factory, Synapse Analytics and Power BI.
As part of this integration, Enterprise users from Fabric can now be able to record Sabotage-proof blockchain data directly in their analyzes, smart contracts, dashboards and even AI models.
The verifiability of this data is made possible by the own “Proof of SQL” technology of Space and Time, which uses zero knowledge (ZK) to vote SQL database questions safely and efficiently.
Respond to the development, Nate Holiday, CEO of Space and Time Labs, said:
“We are pleased to expand our collaboration with Microsoft to provide verifiable blockchain data to companies, institutions and developers build on dust. This integration makes a wealth of new data-driven use cases possible in financial services, web3 apps and AI.”
This announcement comes around a week after Space and Time has launched its public, permissionless Mainnet. The platform works on a decentralized network of database validators and makes sub-second querys speeds possible via its ZK-driven SQL-Coprocessor.
Space and time has been developed by Makeinfinite Labs and is supported by Microsoft’s Venture Arm, M12.
M12 led the company’s strategic financing round in 2022 and joined their series A round of $ 20 million later. So far, space and time have collected a total of $ 50 million.
SXT -Price analysis
At the 4 -hour graph, SXT has succeeded in staying strong above the support level of $ 0.12 and is now approaching the most important psychological resistance of $ 0.15.
The Aroon Up indicator is high at 92.86%, while the Aroon is low down with 21.43%, a sign that the upward trend is still becoming strong. The Chaikin money stream is 0.14, which shows that a steady purchasing pressure is still in the game.
Moreover, the relative strength index has cooled to about 62 after a short time of overbought territory, which leaves some room for more upward movement.
That is why the following likely target for SXT is the all time of $ 0.1621, and if the bullish momentum continues, it could break through in price discovery outside that level.
