Secret (SCRT) is a privacy-focused blockchain built on Cosmos. Secret Contracts are the blockchain’s 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 by emphasizing data privacy and end-to-end encryption, which Ethereum and other blockchains do not provide. Secret node operators, in contrast to other public blockchains, use specialized hardware to run code in secure enclaves known as Trusted Execution Environments (TEEs). Secret Contracts, on the other hand, convert encrypted inputs to encrypted outputs without revealing any information. Data privacy is ensured by combining encryption techniques and key management within a Trusted Execution Environment (TEE) Let us review the SCRT price
SCRT Price Prediction
Bullish Scenario: SCRT is now trading above the $4.8 support level. If it maintains above this zone and the $5.58 resistance level holds, we might see a rise towards $6.14, $6.69, and $7.81.
Bearish Scenario: Since a few weeks, SCRT has been in a downtrend channel, and we aren’t quite out of the woods yet to have a strong optimistic bias. It is still in a downturn on higher time intervals, such as daily, weekly, and monthly. Failure to retain the $4.8 support level might lead to a decline to $3.55, $2.83, and even lower levels.
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