The Panama City mayor has just hinted towards a Bitcoin reserve after a meeting with two El Salvador Bitcoin policymakers.

By Solaxy. Updated Apr 18, 2024.

The mayor of Panama City has just hinted toward a Bitcoin (BTC) reserve after a meeting with two El Salvador Bitcoin policymakers.

In a cryptic post on X, formerly known as Twitter, on Wednesday, Panama City mayor Mayer Mizrachi wrote “Bitcoin Reserve,” followed by a rocket emoji.

Bitcoin Reserve 🚀

— Mayer Mizrachi (@MayerMizrachi) August 23, 2023

The move follows the city’s April announcement that it will accept crypto payments for taxes and municipal fees, including bus tickets and permits.

As institutional investors and retail traders pour into crypto once again, we’re interested to see what coins analysts are picking out.

With crypto prices showing strength throughout 2023 – and more risk appetite on display in bullish periods – it’s no surprise to see meme coins a hot topic once again.

While selecting specific meme coins can be tricky, there’s a smarter way to play the sector: investing in the meme coin infrastructure.

And one of the best opportunities in this space right now might just be Solaxy, the world’s first Solana layer 2 blockchain.

Solana is known for its high speed, low fees and seamless user experience – all of which make it the perfect chain for meme coin trading.

However, Solana suffers from congestion issues during periods of peak network activity. This leads to longer wait times and an increased rate of transaction failure.

But Solaxy will increase Solana’s scalability even further using transaction bundling and off-chain competition. It aims to reach 10,000 transactions per second, which will unlock new possibilities inside the ecosystem.

Solaxy is currently being funded through a presale and has raised $37 million so far. This makes it the biggest Solana ICO to date, which bodes well for its potential.

Another interesting meme coin is MIND of Pepe, which is a new project that combines the meme coin hype with an AI agent.

The project uses the viral nature of Pepe coin to attract an audience, but its real value lies in its AI agent, which will be used to generate revenue for $MIND holders.

The agent will scan the crypto market to identify trading opportunities, which it will share with $MIND holders. It will also identify gaps in the market and launch its own tokens to fill them.

Recently, AI agents were used to create Fartcoin and Goatseus Maximus, showcasing the technology’s ability to make new and viral cryptocurrencies.

With that, there’s a good chance that MIND of Pepe creates the next breakout meme coin. $MIND holders will then get insider access to these token launches, ensuring they get the best possible prices.

This project is also funded through a presale and has raised $9 million. However, the $MIND presale ends in 13 days, so don’t wait to invest.

If you’re looking for an interesting way to gain exposure to Bitcoin (BTC) while investing in the metaverse, then Stacks (STX) could be a good pick.

Stacks is a Bitcoin layer 2 blockchain that offers increased speed and lower fees compared to Bitcoin. It also offers settlement on the main chain, which means transactions retain Bitcoin’s security and permanency.

But what’s most interesting about Stacks is its smart contract functionality. It essentially turns the Bitcoin ecosystem into something closer to Solana or Ethereum, where developers can build apps and tokens.

So far, Stacks’ main use case is DeFi apps, which allow users to put their Bitcoin to work and generate native $BTC yield.

With Bitcoin’s adoption rapidly increasing, it seems like it will only be a matter of time before nations and institutions want to generate yield on their stockpiles and deploy some of their $BTC in the Stacks ecosystem.

If you’re looking for a promising Solana play, then look no further than Raydium.

It’s Solana’s largest DEX by trading volume, but the project is starting to expand into new markets. Most recently, it launched LaunchLab, a meme coin launchpad that will compete with Pump.fun.

Pump.fun has generated over $700 million in trading fees since launching last year, which shows it’s one of crypto’s most lucrative business models.

Raydium will have several advantages over Pump.fun, such as creator revenue share and multi-token payments. With that, it could potentially steal some of Pump.fun’s market share, and its price may explode.

Not to mention that rising DEX activity through the bull market could also boost the price.

Last but not least is Pi Network (PI), which is an interesting layer 1 chain that allows users to mine crypto from their smartphones.

It launched its test network in 2019, and after numerous modifications, it finally transitioned to an open main network earlier this year.

This move marks the first time investors could buy and sell