Analysts are expecting October to be a bullish month for crypto, with the UAE hosting significant crypto events that could bolster Uptober expectations. WadzPay (WTK) may experience a substantial upturn in price due to its strong ties with the UAE. October, often termed as Uptober in the crypto community, tends to witness major price increases following the bearish months of August and September. This pattern is partly due to the numerous global crypto events held in October.

One analyst has emphasized why October could be a pivotal month for the crypto industry. The UAE is expected to play a significant role in this bullish trend, with WadzPay (WTK) predicted to be one of the leading altcoins to benefit from the Uptober surge. Highlighting the significance of Blockchain Life 2024, which will take place in Dubai on October 22-23, the analyst pointed out that over 10,000 experts from 120 countries will convene to discuss AI, blockchain, crypto, and web3 topics.

Additionally, the UAE's progressive regulatory policies are fostering a business environment conducive to crypto and blockchain innovation. Noteworthy regulations include Dubai's approval of crypto salary payments and various licences such as DFSA and VARA, which promote blockchain innovation and web3 security. Furthermore, the UAE's investment in mining, expansion of crypto exchanges, and forward-thinking approach have influenced neighboring Gulf countries like Qatar, Bahrain, and Saudi Arabia to enhance their digital asset frameworks.

Moreover, the UAE has proactively integrated crypto into its trade and finance sectors. Government bodies are making significant strides to position the UAE, particularly Dubai, as a global crypto hub. WadzPay (WTK) has already secured its VARA licence to operate in the UAE. With the imminent launch of the WPC, the crypto community eagerly anticipates the potential highs WTK could reach in October.