$ALGO #sevenstarcfi ✅Cryptocurrencies Heading for 'Banana Singularity' Where Everything Goes Up: Analyst📈
Real Vision CEO Raoul Pal says the next phase of the Banana Zone will be the altcoin season “when everything goes up” followed by a larger consolidation.
Cryptocurrency markets are heading for a “banana singularity,” or a period “when everything goes up,” according to Real Vision co-founder and CEO Raoul Pal.
The “banana zone” is a term coined by Pal to describe a period of significant upward price action.
“Yes, we are still in the banana zone,” mega-investor Raoul Pal said on X on Jan. 10, before adding that the first phase of this zone will be the “banana zone.” The bull market was the breakout in November last year.
The current consolidation period — similar to the 2016/2017 cycle — followed, Pal said, before adding: “This won’t last long.”
Looking ahead, Pal said the next phase of the “banana zone” is the “banana singularity” — the altcoin season “when everything goes up and is followed by greater consolidation.”
The altcoin season typically follows a decline in Bitcoin dominance, and currently, it remains up at 58%, according to TradingView