SXT Crypto Price Surges Following Microsoft Integration Announcement

The price of SXT, the native token of the decentralized data platform Space and Time, saw a significant spike after Microsoft announced the integration of Space and Time’s blockchain data into its analytics platform, Microsoft Fabric. The token surged by as much as 37%, reaching an intraday high of $0.146 on May 21 during Asian trading hours.

Microsoft and Space and Time Collaboration

Microsoft’s announcement on May 20 unveiled its plans to integrate real-time blockchain data feeds from Space and Time into Microsoft Fabric. This partnership enables users of Microsoft Fabric to access verifiable blockchain data from networks such as Bitcoin, Ethereum, and Sui via Azure OneLake, a cloud-based data storage solution often referred to as a “OneDrive for data.”

Microsoft Fabric is an end-to-end analytics platform that combines tools like Azure Data Factory, Synapse Analytics, and Power BI. By incorporating blockchain data, enterprises can now integrate tamper-proof information into their analytics, smart contracts, dashboards, and AI models.

Proof of SQL Technology

The integration is powered by Space and Time’s proprietary “Proof of SQL” technology. This groundbreaking solution uses zero-knowledge (ZK) proofs to validate SQL database queries securely and efficiently, ensuring data verifiability and integrity.

“We’re thrilled to expand our collaboration with Microsoft to provide verifiable blockchain data to enterprises, institutions, and developers building on Fabric. This integration enables a wealth of new data-driven use cases across financial services, Web3 apps, and AI,” said Nate Holiday, CEO of Space and Time Labs.

Space and Time’s Recent Developments

This partnership comes shortly after Space and Time launched its public, permissionless mainnet. The platform operates on a decentralized network of database validators and delivers sub-second query speeds through its ZK-powered SQL coprocessor. Space and Time was developed by MakeInfinite Labs and has garnered significant backing, including investments from Microsoft’s venture arm, M12.

In 2022, M12 led Space and Time’s strategic funding round and later participated in its $20 million Series A round. To date, the company has raised a total of $50 million, underscoring its strong position in the blockchain and decentralized data space.

SXT Price Analysis

SXT has shown resilience on the 4-hour chart, maintaining strong support above $0.12 and approaching the critical $0.15 resistance level. Technical indicators suggest continued bullish momentum:

  • Aroon Up: High at 92.86%, indicating a strong uptrend.
  • Aroon Down: Low at 21.43%, reflecting minimal downward pressure.
  • Chaikin Money Flow (CMF): Positive at 0.14, signaling steady buying activity.
  • Relative Strength Index (RSI): Moderated to 62 after briefly entering overbought territory, leaving room for further upward movement.

If the bullish momentum persists, SXT could target its all-time high of $0.1621 and potentially move into price discovery territory.

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