Muhurat Trading 2023: Top 5 Crypto Picks for Diwali!

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.

Chainlik

• 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.