Shiba Inu (SHIB) holders can expect a positive trend, as analyst Oscar Ramos declares the arrival of "PUMPtober" for the meme coin. Ramos notes that historical trends show October brings renewed energy and growth to the crypto markets, and this is starting to reflect in SHIB's market momentum. Despite a recent loss, SHIB has seen an 18% increase in value this month and has shown significant upward movements in the last week of September. Ramos encourages leveraged positions and is optimistic about a more substantial upswing as the year progresses. The recent decision by the United Arab Emirates to eliminate taxes on crypto transactions is seen as a major catalyst for optimism in SHIB, positioning the region as a hotspot for crypto activity. Furthermore, the market cap gap between SHIB and Dogecoin is narrowing, highlighting SHIB's resilience. Ramos advises SHIB holders to stay vigilant, as his price indicator has been signaling strong buy opportunities and accurately predicted the surge in late September.
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