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Muhurat Trading 2023: Top 5 Crypto Picks for Diwali!

Key Takeaways
  • Notable US candidates embracing Bitcoin donations signals growing mainstream recognition.
  • 12 firms seeking SEC approval for a Bitcoin ETF indicate increasing institutional involvement in the crypto market.
  • G20 countries' efforts to regulate crypto make it a more appealing investment choice by enhancing market stability.
11-Nov-2023 By: Lokesh Gupta
Muhurat Trading 2023: Top 5 Crypto Picks for Diwali!

Top 5 Crypto Picks for Diwali Muhurat Trading 2023

Cryptocurrency gains traction as US candidates, including Kennedy Jr., DeSantis, and Ramaswamy, accept Bitcoin donations. 12 firms seek SEC approval for a Bitcoin ETF. Amidst bank challenges, crypto emerges as a promising alternative. G20 countries work on crypto regulations, making it an appealing investment option.

These are the coins that you should consider holding for long-term investments, particularly noteworthy during the Diwali week.


  • Based on the chart data, BTC has shown a strong and consistent uptrend, surging over 116% since January 1, 2023.

  • Bitcoin's surge is attributed to rising institutional interest, seen as a value store.

  • Bitcoin ETF approval marks a milestone, boosting accessibility and investor interest.

  • SEC’s first window to approve all 12 spot Bitcoin ETFs to begin today.


  • Based on the chart data, ETH has shown a strong and consistent uptrend, surging over 76.50% since January 1, 2023.

  • In November 2023, Ethereum followed Bitcoin's surge, returning to $2100 after 6 months, signaling a promising, sustained bullish trend.

  • Blackrock recently registered the "iShares Ethereum Trust," similar to the events preceding spot Bitcoin ETF.

  • Ethereum's daily chart confirms a bullish flag breakout, suggesting a potential target at $2,678.


  • BitMex co-founder Arthur Hayes buys SOL amid Solana's positive momentum.

  • Solana funds gained $24 million in October, signaling renewed investor confidence.

  • Solana, once seen as an "Ethereum killer," now outperforms Ethereum.

  • Solana surged 81% in a month, 30% in a week after Firedancer scaling solution testnet launch.


  • July 13: Ripple wins court battle, declares XRP not a security, triggering 70% price surge.

  • In "Uptober," the crypto market and XRP both thrived, with XRP surging over 25% from its October lows.

  • The daily chart shows a rounding bottom pattern that is driving the current recovery trend.

  • If Ripple wins the case, the price could climb to $0.938, with a potential 38% gain.


  • Chainlink's LINK price surged over 90% in October, riding the broader crypto market recovery.

  • After a 1.5-year rectangle consolidation breakout, an upward rally is now evident.

  • ChainlinkBUILD partners with Rollup Finance for oracle services and support.

  • Grayscale Chainlink Trust skyrockets 200%, signaling high institutional demand for LINK.

The crypto market's bullish trend, combined with the favorable regulatory environment, paints a promising picture for the future of digital assets. However, investing in cryptocurrency should be a well-informed decision. Remember to do your own research, stay updated with the latest developments, and approach this dynamic market with caution.

Also Read: Solana's Mysterious Surge and Crash: The Inside Scoop You Didn't Know!