Brazil’s BTG Pactual Identifies Top Crypto Picks for October
- BTG Pactual’s crypto platform Mynt recommends five cryptocurrencies for October, including bitcoin at $122,026.61 and ether at $4,005.03.
- In September, over $3.5 billion flowed into spot ETFs, with corporate treasuries acquiring an additional 43,000 BTC.
- Solana processed over $100 billion in decentralized exchange (DEX) volume for three consecutive months and surpassed $30 billion in total value locked.
- Avalanche (AVAX) saw a significant increase in on-chain activity, with daily transactions up by 46% and stablecoin transfers rising by 421% last quarter.
- Sky Protocol’s stablecoin USDS has a circulating supply of nearly $8 billion and offers a Sky Savings Rate of currently at 4.75%.
The report reflects growing optimism in the cryptocurrency market amid easing U.S. interest rates and increasing institutional investment interest, particularly in Ethereum. These factors suggest that major cryptocurrencies like Bitcoin and Solana are gaining traction among investors.
With institutional appetite for ETH remaining strong—$11.3 billion added to U.S. spot ETFs over six months—the outlook for these selected tokens appears promising this October.
