Brazil’s largest funding financial institution, BTG Pactual’s crypto platform Mynt, has flagged 5 cryptocurrencies it believes are well-positioned for positive factors in October: bitcoin , ether , solana , , and sky (SKY).
The picks, outlined in a report authored by Matheus Parizotto and João Galhardo, mirror a broader optimism within the crypto market as U.S. rates of interest ease and anticipation builds for brand new crypto ETFs.
Bitcoin stays the dominant institutional choose, with greater than $3.5 billion flowing into spot ETFs in September and company treasuries including 43,000 BTC, over $5 billion at present costs.
Mynt’s report describes it as a long-term anchor. “For these searching for a long-term pillar of their portfolio, BTC affords liquidity, community safety, and a observe file of adoption that extends past retail traders,” it reads.
Ether, it says, continues to steer in on-chain finance. BTG Pactual’s workforce identified the community concentrates the vast majority of stablecoin quantity and real-world asset tokenization initiatives.
During the last six months, U.S. spot ETFs added $11.3 billion in ETH, whereas company treasuries picked up 816,000 ETH in September alone. To the analysts, these flows present institutional urge for food stays elevated.
Past the highest two
Solana’s case hinges on pace and price. The community, BTG Pactual identified, processed over $100 billion in decentralized alternate (DEX) quantity for the third straight month, whereas its complete worth locked surpassed $30 billion for the primary time in an indication of deepening DeFi liquidity.
The analysts added that institutional demand has been growing with the potential arrival of latest spot SOL ETFs, which may result in better flows and visibility.
“For these searching for publicity to high-performance infrastructure with rising adoption in real-world instances, Solana combines scale, aggressive price, and an accelerating community impact,” the report reads.
For AVAX, BTG Pactual highlighted its sharp progress in on-chain exercise, noting that each day transactions elevated by 46% and stablecoin transfers rose by 421% during the last quarter.
The community’s subnet structure permits enterprises to spin up customized blockchains, boosting real-world use instances, it stated.
Sky Protocol, the rebranded MakerDAO, rounds out the record. Its stablecoin, USDS, has a circulating provide of practically $8 billion, and its Sky Financial savings Fee affords a variable return that’s at the moment at 4.75%.
Coupled with a token buyback program that’s already deployed $77 million, the report is positioning SKY as a revenue-generating DeFi token with long-term potential.