SXT price prediction as Space and Time crypto loses momentum
The post SXT price prediction as Space and Time crypto loses momentum appeared on BitcoinEthereumNews.com. Space and Time token price lost momentum in the past few days as its volume and futures open interest stalls. Summary Space and Time token has pulled back after the Grayscale fund news lost momentum. The volume in the spot market and futures open interest has dropped recently. Technicals point to more SXT price surge if it holds a crucial support. Space and Time (SXT) price was trading at $0.096 on Monday, July 28, down by 25% from the highest point this month. This pullback has brought its market capitalization to over $134 million. Space and Time jumped by over 115% between its lowest level in June and its highest point this month after Grayscale launched a new SXT trust, allowing Wall Street investors to invest in it. The recent retreat is happening because the Grayscale fund’s news momentum has faded. Indeed, third-party data shows that SXT’s daily volume has dropped to $35 million, down from over $50 million earlier this month. Most of its volume was on Binance, Gate, and MEXC. The same happened in the futures market, where its open interest continued falling. It had an open interest of $15 million on Monday, down from this month’s high of $27 million. Space and Time is a blockchain created to deliver verifiable, real-time database processing for smart contracts, artificial intelligence, and decentralized applications. It addresses trust and scalability issues by enabling applications to query both on-chain and off-chain data at scale. Space and Time offers solutions like proof of SQL, decentralized data warehouse, and a validator network. It made headlines in May after Microsoft added it to its Frabric analytics platform. SXT price technical analysis SXT price chart | Source: crypto.news The daily chart shows that the SXT crypto price started to rebound on June 22 when it bottomed…
The post SXT price prediction as Space and Time crypto loses momentum appeared on BitcoinEthereumNews.com.
Space and Time token price lost momentum in the past few days as its volume and futures open interest stalls. Summary Space and Time token has pulled back after the Grayscale fund news lost momentum. The volume in the spot market and futures open interest has dropped recently. Technicals point to more SXT price surge if it holds a crucial support. Space and Time (SXT) price was trading at $0.096 on Monday, July 28, down by 25% from the highest point this month. This pullback has brought its market capitalization to over $134 million. Space and Time jumped by over 115% between its lowest level in June and its highest point this month after Grayscale launched a new SXT trust, allowing Wall Street investors to invest in it. The recent retreat is happening because the Grayscale fund’s news momentum has faded. Indeed, third-party data shows that SXT’s daily volume has dropped to $35 million, down from over $50 million earlier this month. Most of its volume was on Binance, Gate, and MEXC. The same happened in the futures market, where its open interest continued falling. It had an open interest of $15 million on Monday, down from this month’s high of $27 million. Space and Time is a blockchain created to deliver verifiable, real-time database processing for smart contracts, artificial intelligence, and decentralized applications. It addresses trust and scalability issues by enabling applications to query both on-chain and off-chain data at scale. Space and Time offers solutions like proof of SQL, decentralized data warehouse, and a validator network. It made headlines in May after Microsoft added it to its Frabric analytics platform. SXT price technical analysis SXT price chart | Source: crypto.news The daily chart shows that the SXT crypto price started to rebound on June 22 when it bottomed…
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