- Analysts are expecting October to be a bullish month for crypto.Â
- The UAE is hosting crypto events in October, another bullish factor for Uptober expectations.
- WadzPay (WTK) could see a major upturn in price due to its close relationship with the UAE.
The month of October is often referred to as Uptober in the crypto community as this month tends to experience major crypto price pumps after the bearish months of August and September. One of the reasons tends to be the fact that October is a bullish crypto month due to its many crypto events across the world.Â
Could October be a Bullish Month for Crypto Again?
In detail, one analyst takes a moment to draw attention to the coming month of October and why this month could be a major turnaround event for the crypto industry. Specifically, this analyst believes that the UAE will contribute greatly to what could be a bullish October and how WadzPay (WTK) could be one of the top altcoins to experience this Uptober rush.
To begin, the analyst marks how Blockchain Life 2024 is taking place in Dubai between October 22-23 and will gather over 10,000 experts from 120 countries to discuss and explore all things AI, blockchain, crypto, and web3 among other enticing topics.Â
Will WadzPay Make a Come Back in Uptober?
The post also touches upon the UAE crypto-forward regulatory policies to boost a crypto and blockchain-savvy business environment. The first of these regulations includes Dubai’s approval of crypto salary payments while the other draws light to its many licences like DFSA and VARA which encourage blockchain innovation and web3 security.
Adding on the post talks about the nation’s investment in mining, its expansion of crypto exchanges, and how its forward-thinking approach has encouraged its neighbouring Gulf countries to follow its lead. Now, Qatar, Bahrain, and Saudi Arabia are also working to enhance their digital asset framework.
The UAE has also taken active and proactive steps to integrate crypto into its trade and finance sectors. So much so that its official government bodies are also looking to upgrade their ambitions to ensure that the UAE and Dubai, in particular, can establish itself as a global crypto hub.Â
WadzPay (WTK) has already secured its VARA licence to operate in the UAE and with the launch of the WPC just over the hill, the crypto community is eager to see what new highs WTK price will hit in the upcoming month of October.
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