BlockBeats News, on January 10, Real Vision co-founder and CEO Raoul Pal stated that the cryptocurrency market is entering the 'Banana Singularity' zone, or a period where 'everything is going up.' ('Banana Zone' is a term created by Raoul Pal to describe a period of significant price increases.)
Raoul Pal indicated that the market is still in the Banana Zone, with the first phase of this bull market being the breakout in November of last year. Next will be a consolidation period similar to the 2016/2017 cycle, which will not last long. The next phase of the 'Banana Zone' is the 'Banana Singularity', which is a season of altcoins where 'everything will go up, followed by a larger range of consolidation.'
