Brazil’s Largest Investment Bank Names 5 Crypto Tokens to Watch This ‘Uptober’

The picks, outlined in a report by Matheus Parizotto and João Galhardo, reflect optimism in the crypto market amid easing U.S. interest rates and anticipation of new crypto ETFs.

Bitcoin and Ether: Institutional Favorites
Bitcoin continues to lead institutional demand, with $3.5 billion flowing into BTC spot ETFs in September and corporate treasuries acquiring 43,000 BTC, worth over $5 billion. Mynt describes BTC as a “long-term pillar” for portfolios, citing its liquidity, network security, and adoption beyond retail investors.

Ether maintains its dominance in on-chain finance. The network handles the majority of stablecoin transactions and real-world asset tokenization, and over the past six months, U.S. spot ETFs added $11.3 billion in ETH. Corporate treasuries alone purchased 816,000 ETH in September, underlining sustained institutional appetite.

Solana, Avalanche, and Sky: Growth and Use Cases
Solana’s appeal lies in its speed and low costs. The network processed over $100 billion in DEX volume for the third consecutive month, while its total value locked (TVL) exceeded $30 billion, highlighting deepening DeFi liquidity. Mynt notes growing institutional interest and potential catalyst from upcoming spot SOL ETFs.

Avalanche (AVAX) stands out for on-chain activity growth, with daily transactions up 46% and stablecoin transfers rising 421% over the last quarter. Its subnet architecture enables enterprises to deploy custom blockchains, increasing real-world utility.

Sky Protocol (SKY), the rebranded MakerDAO, rounds out the list. Its USDS stablecoin has a circulating supply of nearly $8 billion, and the Sky Savings Rate currently offers 4.75%. Coupled with a $77 million token buyback program, SKY is positioned as a revenue-generating DeFi token with long-term growth potential.