Muhurat Trading 2023: Top 5 Crypto Picks for Diwali!

11-11-2023

Last Updated: 30-03-2026

Muhurat Trading 2023 Top 5 Crypto Picks for Diwali crypto news update

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.

Bitcoin	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
Ethereum	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
Solana	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.
XRP	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
Cardano	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!

About the Author Lokesh Gupta

Research Analyst at coingabbar.com

Lokesh Gupta started his journey in financial markets 23 years ago and never looked back. From Forex to Comex, NSE, MCX, NCDEX, and now Crypto — he has seen it all. He holds an MBA in Finance and over the last 4 years, Bitcoin, Ethereum, Solana, XRP, and trending coins have become his main focus. People who follow his work say one thing — he keeps it real. No fancy language, no unnecessary complexity. Just honest market research that helps you understand what is happening and why it matters to your money.