In a fast-paced digital world, where virtual connections dominate our lives, the power of in-person interactions cannot be overstated. This holds especially true within the Bitcoin community, where enthusiasts from all walks of life come together to share their passion for the decentralized revolution. Recognizing the need for real-life connections, Orange Pill App has emerged as a groundbreaking social networking platform for Bitcoiners, while Chainlink’s integration with Base offers developers access to crucial web3 services. Let’s delve deeper into these exciting developments and their implications for the thriving blockchain ecosystem.
Orange Pill App Raises $250,000 in Pre-Seed Funding:
Orange Pill App has made waves in the Bitcoin community by raising an impressive $250,000 in pre-seed funding. Led by Lightning Ventures and supported by notable angel investors, including NBA star Matthew Dellavedova and Barefoot Bitcoin Fund, this successful funding round validates the platform’s potential to bridge gaps within the Bitcoin community. Launched in November 2022, the app has already garnered a global user base spanning 71 countries, demonstrating its widespread appeal.
Forging In-Person Connections:
Matteo Pellegrini, CEO of Orange Pill App, firmly believes in the power of in-person connections and has made it the app’s central mission. By providing a platform for Bitcoin enthusiasts to connect in real-life communities, Orange Pill App aims to foster authentic interactions that go beyond virtual communication. This focus on creating tools for the Bitcoin Parallel Economy is key to driving the growth and development of the blockchain ecosystem.
Chainlink Integration with Base:
Chainlink, a leading provider of decentralized oracle solutions for the blockchain industry, has expanded its integrations to include Base, a layer-2 network incubated by Coinbase. This integration presents an exciting opportunity for developers building on Base to leverage Chainlink’s Data Feeds and other web3 services. Jesse Pollak, the Creator of Base and Head of Protocols at Coinbase, lauds Chainlink Price Feeds for their reliable price data solutions that developers can seamlessly integrate into their projects.
Impressive Results for Base:
Since the launch of its mainnet, Base has achieved remarkable success, with over $212 million bridged to the network. This demonstrates the strong reception and trust placed in Base as developers and users recognize the immense potential it offers. As the total value locked in the blockchain surges to $205 million in just under a week, it is clear that Base is rapidly gaining traction as a layer-2 solution for the blockchain ecosystem.
Technical Analysis of Bitcoin Price:
At present, the price of Bitcoin faces resistance at the $29,650 level, struggling to break above it. A failure to do so, coupled with a drop below the $29,100 support level, could trigger bearish momentum. The price is currently trading below $29,400 and the 100 hourly Simple Moving Average. However, a short-term bullish trend line is forming, offering support near $29,320. On the upside, immediate resistance lies around $29,450, followed by $29,650 and $30,000. Breaking above the $29,650 resistance could pave the way for a move towards $30,500 and potentially even $32,200. Conversely, if the resistance remains unbroken, the price may continue its descent, finding support near $29,250 and $29,100. The bearish MACD and RSI below 50 suggest caution in the short-term.
The blockchain industry thrives on innovation and connectivity, and through the Orange Pill App’s mission to facilitate real-life interactions among Bitcoiners and Chainlink’s integration with Base, exciting advancements are being made. By bridging gaps within the Bitcoin community and empowering developers with seamless access to web3 services, these initiatives contribute to the growth and development of the blockchain ecosystem as a whole. As we look to the future, the power of in-person connections and strategic partnerships will continue to shape the landscape of blockchain technology.