‘Uptober’ Investing: Brazil’s Top Investment Bank’s Crypto Division Highlights 5 Token Picks

BTG Pactual’s Crypto Platform Mynt Highlights 5 Token Picks for ‘Uptober’

Brazil’s largest investment bank, BTG Pactual, through its crypto platform Mynt, has identified five cryptocurrencies poised for potential gains in October: bitcoin (BTC) $125,028, ether (ETH) $4,672, solana (SOL) $235, avalanche (AVAX) $30.79, and sky (SKY).

The recommendations, detailed in a report by Matheus Parizotto and João Galhardo, reflect optimism in the crypto market amid easing U.S. interest rates and growing anticipation for new crypto ETFs.

Bitcoin and Ether: Institutional Anchors
Bitcoin remains the primary institutional favorite, with over $3.5 billion flowing into spot BTC ETFs in September and corporate treasuries acquiring 43,000 BTC—valued at more than $5 billion at current prices.

Mynt describes BTC as a “long-term pillar,” citing its liquidity, network security, and widespread adoption beyond retail investors as key strengths.

Ether continues to dominate on-chain finance. According to BTG Pactual, ETH supports the majority of stablecoin volume and real-world asset tokenization projects. Over the past six months, U.S. spot ETFs added $11.3 billion in ETH, while corporate treasuries purchased 816,000 ETH in September alone, signaling robust institutional interest.

Solana, Avalanche, and Sky: Growth and Real-World Use Cases
Solana’s appeal lies in its speed and cost efficiency. The network processed over $100 billion in DEX volume for the third consecutive month, with total value locked surpassing $30 billion, demonstrating deepening DeFi liquidity. Mynt also notes growing institutional demand and the potential impact of upcoming spot SOL ETFs, which could drive additional flows and visibility.

For Avalanche (AVAX), BTG Pactual highlights a 46% increase in daily transactions and a 421% rise in stablecoin transfers over the past quarter. Its subnet architecture enables enterprises to create custom blockchains, enhancing real-world applications.

Finally, Sky Protocol (SKY), the rebranded MakerDAO, is recognized for its USDS stablecoin with a circulating supply of nearly $8 billion and a Sky Savings Rate currently offering 4.75%. With a token buyback program already deploying $77 million, Mynt positions SKY as a revenue-generating DeFi token with long-term growth potential.

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