SXT Crypto Soars 37% After Microsoft Drops Major Blockchain Bombshell!

Holy smokes, the SXT crypto price just rocketed into the stratosphere after Microsoft threw down the gauntlet, announcing they're gonna stuff Space and Time's blockchain data right into their Fabric analytics platform. Buckle up, folks!

SXT (SXT), the native token of the decentralized data maestros at Space and Time, shot up a mind-blowing 37% to hit an intraday high of $0.146 this morning in Asia. Talk about a wild ride!

This jaw-dropping rally kicked off right after Microsoft dropped the news that they're teaming up with Space and Time Labs, a crypto startup they've been cozying up to for a while now. They're gonna start pumping real-time blockchain data straight into Microsoft Fabric. It's like a data party and everyone's invited!

Get this - according to the May 20 announcement, this collab is gonna let Microsoft Fabric users tap into verifiable data from the Bitcoin, Ethereum, and Sui blockchains through Azure OneLake. It's like a OneDrive for data, but on steroids!

Now, for those of you who've been living under a rock, Microsoft Fabric is this slick end-to-end analytics platform that brings together all sorts of cool tools from Microsoft's data suite. We're talking Azure Data Factory, Synapse Analytics, Power BI - the whole shebang!

And here's the kicker - thanks to this integration, the big shots using Fabric can now throw tamper-proof blockchain data right into their analytics, smart contracts, dashboards, and even their AI models. It's like a data buffet!

Oh, and the cherry on top? Space and Time's got this fancy "Proof of SQL" tech that uses zero-knowledge proofs to keep those SQL database queries safe and sound. It's like Fort Knox for your data!

Nate Holiday, the big cheese over at Space and Time Labs, is over the moon about this. He's all like, "We're stoked to team up with Microsoft to bring verifiable blockchain data to all the big dogs building on Fabric. This is gonna open up a whole new world of data-driven awesomeness across finance, Web3, and AI."

This bombshell comes hot on the heels of Space and Time launching their public, permissionless mainnet just last week. Their platform is like a decentralized database party, with validators and ZK-powered SQL coprocessors that can crank out sub-second query speeds. It's like the Indy 500 of data processing!

Space and Time is the brainchild of MakeInfinite Labs, and Microsoft's venture arm, M12, has been throwing cash at them left and right. M12 led their strategic funding round back in 2022 and jumped on board for their $20 million Series A later on. So far, these guys have raked in a cool $50 million. Cha-ching!

SXT Price Analysis: Buckle Up for the Bull Run!

On the 4-hour chart, SXT is holding steady above the $0.12 support level and gunning straight for the $0.15 psychological resistance. It's like a bull charging at a red cape!

The Aroon Up indicator is sky-high at 92.86%, while the Aroon Down is down in the dumps at 21.43%. That's a surefire sign that this uptrend is still going strong. And with the Chaikin Money Flow sitting pretty at 0.14, it looks like the buying pressure's still got some steam.

But wait, there's more! The Relative Strength Index has cooled off to around 62 after briefly hitting overbought territory. That means there's still room for this bad boy to keep on climbing.

So, what's next for SXT? If this bullish momentum keeps up, we could be looking at a shot at its all-time high of $0.1621. And if it breaks through that, who knows? It could be off to the races, discovering new price territory. Get ready for the ride of your life, folks!