BTG Pactual's cryptocurrency platform Mynt, the digital asset division of Brazil's largest investment bank, has identified five cryptocurrencies positioned for significant growth during October: Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Avalanche (AVAX), and Sky Protocol (SKY).
The selection, detailed in an analytical report by Matheus Parizotto and João Galhardo, reflects growing crypto market optimism fueled by declining U.S. interest rates and anticipation surrounding new cryptocurrency ETF approvals.
Bitcoin continues to dominate institutional portfolios, with September witnessing over $3.5 billion inflows into spot BTC ETFs and corporate treasuries accumulating 43,000 BTC worth approximately $5 billion at current valuations.
Mynt's analysis positions Bitcoin as a fundamental long-term investment, stating: "For investors seeking a stable foundation, BTC provides unmatched liquidity, network security, and proven adoption extending beyond retail markets."
Ethereum maintains its leadership in decentralized finance, with BTG Pactual's team emphasizing the network's dominance in stablecoin transactions and real-world asset tokenization initiatives.
Institutional ETH exposure has surged dramatically, with U.S. spot ETFs accumulating $11.3 billion over six months and corporate treasuries acquiring 816,000 ETH during September alone - clear indicators of sustained institutional demand.
Expanding Beyond Market Leaders
Solana's investment thesis centers on its technological advantages, having processed over $100 billion in DEX volume for three consecutive months while achieving a milestone $30 billion in total value locked, signaling robust DeFi ecosystem growth.
Analysts noted increasing institutional interest ahead of potential Solana spot ETF approvals, which could substantially increase capital inflows and market visibility.
"Solana represents high-performance blockchain infrastructure with accelerating real-world adoption, combining scalability, cost efficiency, and powerful network effects," the report concluded.
Avalanche demonstrated remarkable on-chain momentum with 46% quarterly transaction growth and 421% surge in stablecoin transfers, while its unique subnet architecture enables enterprise-grade blockchain solutions.
Sky Protocol (formerly MakerDAO) completes the selection, featuring its USDS stablecoin with nearly $8 billion circulating supply and Sky Savings Rate offering 4.75% variable returns, complemented by an active $77 million token buyback program positioning SKY as a revenue-generating DeFi asset.