Secret (SCRT) is a Cosmos-based privacy-focused blockchain. Secret Contracts are its smart contracts, and they allow DApps to use private data on Secret in the same way that smart contracts on other blockchains do.
The Secret Network distinguishes itself because of its emphasis on data privacy and end-to-end encryption, which blockchains like Ethereum do not provide. Unlike other public blockchains, Secret node operators use specialized hardware to run code in safe enclaves known as Trusted Execution Environments (TEEs). Secret Contracts, on the other hand, convert encrypted inputs to encrypted outputs without disclosing data. This is made possible by the encrypted contract states that are used during execution. Combining encryption techniques and key management within a Trusted Execution Environment ensures data privacy (TEE). Let us review the SCRT price
SCRT Price Prediction
Bullish Scenario: SCRT is trading above the support zone of $4.7. If it stays above this zone and the resistance level at $5 breaks out then we could start seeing a move towards $5.6, $6.83, $6.3, $7.1, $9.8.
Bearish Scenario: SCRT has been in a downtrend channel since the last few weeks and we are not completely out of the woods to have strong bullish bias. On higher time frames such as daily, weekly, and monthly, It is still in a downtrend. So failure to hold the support at $4.2 could lead to a drop towards $3.9, $3.6 and $3.3.
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