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Cryptocurrencies Heading for 'Banana Singularity' Where Everything Goes Up: Analystđ
Real Vision CEO Raoul Pal says the next phase of the Banana Zone will be the altcoin season âwhen everything goes upâ followed by a larger consolidation.
#BinanceAlphaAlert Cryptocurrency markets are heading for a âbanana singularity,â or a period âwhen everything goes up,â according to Real Vision co-founder and CEO Raoul Pal.
#ShareYourTrade The âbanana zoneâ is a term coined by Pal to describe a period of significant upward price action.
#DOJBTCAuction âYes, we are still in the banana zone,â mega-investor Raoul Pal said on X on Jan. 10, before adding that the first phase of this zone will be the âbanana zone.â The bull market was the breakout in November last year.
#BNBBhutanReserves The current consolidation period â similar to the 2016/2017 cycle â followed, Pal said, before adding: âThis wonât last long.â
Looking ahead, Pal said the next phase of the âbanana zoneâ is the âbanana singularityâ â the altcoin season âwhen everything goes up and is followed by greater consolidation.â
The altcoin season typically follows a decline in Bitcoin dominance, and currently, it remains up at 58%, according to TradingView
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