What is the project $SXT
Space and Time is a Microsoft-backed project that offers the first decentralized database combining speed and security using ZK (Zero Knowledge Proof) technology under what is known as Proof of SQL.
This innovation allows smart contracts to access and process on-chain and off-chain data and verify it in less than a second.
Key features of the project:
Layer 1 network based on encrypted data verification.
The first trustless database in Web3.
The ability to execute massive queries on the blockchain like Ethereum and verify them in real-time.
Received financial and technical support from Microsoft (M12 Ventures).
Token details:
Token: SXT
Total token supply: 5 billion
Current supply: 1.4 billion (~28%)
Market cap: 182 million USDT
Fully diluted market cap (FDV): 652 million USDT
All-time high: 0.1868 USDT
All-time low: 0.1182 USDT
Current technical analysis:The price is currently trading at: 0.1307 USDT
The price has lost 28% over the month, indicating a natural correction after a previous pump.
The coin is still under selling pressure, as it has not surpassed the resistance of 0.135 – 0.14.
Important support: 0.1260 then 0.1180
Nearby resistance: 0.1350 – 0.1400
My technical opinion:
The project is fundamental and strong with a real technical future, but technically it has not yet shown strong entry signals. It is better to adopt a dollar-cost averaging (DCA) strategy during pullbacks and hold long-term for those who believe in the technical infrastructure.
Summary:
A project with real institutional support
An experienced founding team in cloud data
Good tokenomics with an acceptable initial distribution
A fierce competitor in the field of decentralized data
My recommendation: Watch the 0.1180 level as an accumulation zone, and 0.14 as a key for a new breakout.
#SXT #Crypto #Fundamental_Analysis #Technical_Analysis #CryptoArabic #Altcoins #Web3 #Blockchain #defi
