Here Are 5 Token Picks for ‘Uptober’, According to BTG’s Crypto Arm Mynt

Brazil’s largest investment bank, BTG Pactual’s crypto platform Mynt, has flagged five cryptocurrencies it believes are well-positioned for gains in October: bitcoin BTC$121,711.53, ether ETH$4,447.69, solana SOL$224.61, AVAX$29.92, and sky (SKY).

The picks, outlined in a report authored by Matheus Parizotto and João Galhardo, reflect a broader optimism in the crypto market as U.S. interest rates ease and anticipation builds for new crypto ETFs.

Bitcoin remains the dominant institutional pick, with more than $3.5 billion flowing into spot ETFs in September and corporate treasuries adding 43,000 BTC, over $5 billion at current prices.

Mynt’s report describes it as a long-term anchor. “For those seeking a long-term pillar in their portfolio, BTC offers liquidity, network security, and a track record of adoption that extends beyond retail investors,” it reads.

Ether, it says, continues to lead in on-chain finance. BTG Pactual’s team pointed out the network concentrates the majority of stablecoin volume and real-world asset tokenization projects.

Over the last six months, U.S. spot ETFs added $11.3 billion in ETH, while corporate treasuries picked up 816,000 ETH in September alone. To the analysts, these flows show institutional appetite remains elevated.

Beyond the top two

Solana’s case hinges on speed and cost. The network, BTG Pactual pointed out, processed over $100 billion in decentralized exchange (DEX) volume for the third straight month, while its total value locked surpassed $30 billion for the first time in a sign of deepening DeFi liquidity.

The analysts added that institutional demand has been increasing with the potential arrival of new spot SOL ETFs, which could lead to greater flows and visibility.

“For those seeking exposure to high-performance infrastructure with growing adoption in real-world cases, Solana combines scale, competitive cost, and an accelerating network effect,” the report reads.

For AVAX, BTG Pactual highlighted its sharp growth in on-chain activity, noting that daily transactions increased by 46% and stablecoin transfers rose by 421% over the last quarter.

The network’s subnet architecture allows enterprises to spin up custom blockchains, boosting real-world use cases, it said.

Sky Protocol, the rebranded MakerDAO, rounds out the list. Its stablecoin, USDS, has a circulating supply of nearly $8 billion, and its Sky Savings Rate offers a variable return that’s currently 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.

Source: https://www.coindesk.com/markets/2025/10/04/investing-in-uptober-brazil-s-largest-investment-bank-s-crypto-arm-names-5-token-picks

Highlights: The BNB price is down 2% to $1111.46, despite the trading volume spiking 26%. The BNB on-chain demand has slipped, with the open interest plummeting 3% showing a drop in demand. The technical outlook shows a tight tug-of-war, with the bulls attempting to overcome resistance zones. The BNB price is down 2% today, to trade at $1111.46. Despite the plunge, the daily trading volume has soared 26% showing increased market activity among traders. However, BNB Chain has seen declining network activity, with the open interest plummeting, signaling a drop in demand. On Chain Demand on BNB Cools Off The BNB Chain is in a state of cooldown of network activity, which indicates low on-chain demand. In most instances, when a network fails to ensure large volumes or revenues, it means that there is low demand or outflows to other networks. BNB DeFi Data: DeFiLlama According to DeFiLlama data, the volume of the Decentralized Exchanges (DEXs) is down to at least $2.12 billion in comparison to the high of $6.313 billion on October 8, which also means low on-chain liquidity. On the other hand, Coinglass data shows that the volume of BNB has grown by 3.97% to reach $4.95 billion. However, the open interest in BNB futures has dropped by 3.36% to reach $1.74 billion. This reduction in open interest is an indication of a conservative stance by investors since the number of new positions being opened is low. This could be an indication that investors are not so sure about the short-term price outlook. BNB Derivatives Data: CoinGlass Meanwhile, the long-to-short ratio is sitting at 0.9091. This shows that the traders are undecided on BNB price’s next move, as it sits below 1. BNB Price Moves Into Consolidation The chart displays the BNB/USD price action on a 4-hour timeframe, with the token currently hovering around $1111.46. The 50-day Simple Moving Average (SMA) is at $1113, while the 200-day SMA sits at $1129, cushioning the bulls against upside movement. The price has mostly been trending below both SMAs, indicating that the bears are having the upper hand. The BNB trading volume is up, soaring 26%, signaling the momentum is real. On the 4-hour chart, BNB is trading within a consolidation channel. In such a case, this pattern may act as an accumulation period, giving the bulls hind wings to break above resistance zones. BNB/USD 4-hour chart: TradingView Zooming in, the Relative Strength Index (RSI) sits at 44.15, below the 50 level. This shows weakening momentum in the BNB market, and might lead to the RSI plunging to the oversold region if the bulls don’t regain control. In the short term, the BNB price could move up to $1113 resistance and flip it into support. A close above this zone will see the bulls target $1126 resistance, giving the bulls strength to reclaim the $1230 mark. Conversely, if the resistance zones prove too strong, a dip towards $1012 could be plausible. In such a case, this could be a prime buy zone for the risk-takers. In the long term, if the token keeps the hype alive, the bulls may reclaim the $1375 high or higher. eToro Platform Best Crypto Exchange Over 90 top cryptos to trade Regulated by top-tier entities User-friendly trading app 30+ million users 9.9 Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.