Space and Time Crypto Surges +30%: Is Chainlink’s Price Boost Next Following SXT Crypto?
Space and Time crypto (SXT) experienced a remarkable 30% increase overnight after the announcement yesterday that the initiative will integrate its data with Microsoft Fabric, the analytics sector of the tech titan.
SXT Labs has already received backing from M12, Microsoft’s investment division, and this integration with Fabric will enable Microsoft’s primary developer protocol to utilize rapid and secure data flows on BTC (Bitcoin), Ethereum (ETH), and Sui Network (SUI).
Just revealed at #MSBuild: Space and Time indexed distributed record data will be merged with @Microsoft Fabric.
As part of the merger, Microsoft developers will gain access to Space and Time indexed data from Bitcoin, @SuiNetwork, and @ethereum through Fabric. pic.twitter.com/jOHThHuuVI
— Space and Time (@SpaceandTimeDB) May 20, 2025
Space and Time Crypto Strengthens Its Close Relationship With Microsoft Following Two Significant Investments Since 2022
Space and Time Labs, the team behind the innovative ‘Proof-of-SQL’ blockchain, announced yesterday (May 20) that its data will be incorporated into Microsoft Fabric, an AI and data analytics platform designed for corporate applications in engineering and analytics.
In a press release concerning the Microsoft Fabric integration, Space and Time Labs CEO Nate Holiday expressed his excitement regarding the new opportunities this integration presents for developers across various applications for personal and business use;
“We’re excited to broaden our collaboration with Microsoft to offer verifiable blockchain data to enterprises, institutions, and developers working on Fabric. This integration allows for a multitude of new data-focused use cases across financial services, Web3 applications, and AI to be developed on Microsoft technology.”
According to the same press release, Sruly Taber, Principal Product Manager of Microsoft Fabric, mentioned that the integration aims to enhance data accessibility for institutions, organizations, and independent developers;
“By partnering with Microsoft Fabric, Space and Time not only enhances our capability to provide dependable data to developers and enterprises but also aligns with our goal to democratize technology across a variety of sectors, including Web3.”
This partnership further cements the already strong relationship between Space and Time crypto and Microsoft. In August 2024, its venture capital fund, M12, took part in a $20 million Series A funding round for Space and Time after leading their strategic round in 2022.
Following the complete announcement of the latest collaboration with Microsoft, Space and Time crypto saw its value rise by over 30% overnight. The SXT coin is presently trading at $0.139, boasting a trading market capitalization of $694 million. According to CoinGecko, it ranks as the 242nd largest digital asset in trading market cap.
This news has also sparked a surge in trading volume, with over $258 million processed in the last 24 hours, an increase from just $52 million on May 19.
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Is Chainlink (LINK) Poised for a Double-Digit Price Spike?
Since the launch of Space and Time crypto’s SXT crypto token through the Chainlink rewards initiative on May 8, there has been a notable correlation in price action between LINK and SXT.
Given that SXT just experienced a +30% increase overnight due to its Microsoft Fabric integration, LINK appears to be lagging, currently down 0.5% today.
LINK is trading at approximately $15.95. It has recently breached a long-standing barrier level level at $15.5, flipping it to a price floor level. If this level sustains, LINK is forming a bullish pennant that could push it toward a yearly high of $26.5 in the weeks ahead.
As with any altcoin presently, BTC will dictate the next movement for LINK. BTC is nearing a upward movement to a new all-time high, and should this occur before the week’s end, it will likely influence altcoins to follow suit.
Many analysts opine that BTC must surpass $110k to establish it as a new support level before altcoins can mount a genuine rally, creating a tense atmosphere for investors keenly observing Bitcoin’s subsequent moves.
A rejection at BTC’s all-time high could lead it back to the $101-102k range, which would probably pull most altcoins down as well. Nevertheless, BTC remains stable around $107k, and a mere 1.1% increase would see it achieving a new all-time high and entering price discovery.
The timing is apt for Bitcoin and altcoins like LINK with the forthcoming Fed meetings in June. The FOMC gatherings on June 17 and 18 are expected to result in rate cuts, potentially reopening the gates for investors to return to risk-on assets.
For LINK, these factors are aligning favorably, especially when considering the technical analysis of the chart. There is a significant confluence for LINK on the daily chart at the 200SMA level. We are observing higher lows and a reset of the RSI. All uptrend indicators suggest an imminent breakout for LINK.
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Space and Time crypto announces partnership with Microsoft Fabric
- The most recent partnership between Microsoft and Space and Time follows prior investments made by Microsoft in the blockchain company dating back to 2022
- SXT crypto has jumped 30% overnight as a result of the news
- LINK is positioned for a breakout that could mirror SXT’s overnight surge
The post Space and Time Crypto Blasts +30%: Chainlink Price Price surge Next After SXT Crypto? appeared first on 99Bitcoins.
