Raoul Pal, CEO of Real Vision, predicts a new explosive phase for the altcoin market that he calls the “banana singularity,” characterized by a general increase in prices. This prediction comes at a time when bitcoin is consolidating around $93,000 after having surpassed $100,000 in early January.
Bitcoin is about to explode
The “banana zone”, the first stage of a historic crypto bull cycle
On January 10, 2024, Raoul Pal shared his analysis on social media network X, confirming that the crypto market is currently in what he calls the “banana zone.” This phase, initiated by the price breakout in November 2024, bears striking similarities to the 2016-2017 bull cycle.
The total capitalization of the crypto market reflects this dynamic, having grown by 90% in a year to reach $3.4 trillion, after achieving a new historical record of $3.9 trillion in December 2024.
The phenomenon is explained, in particular, by the increase in the global M2 money supply, as Pal emphasizes by relying on comparative charts. This correlation predicts a continuation of the upward trend, despite recent corrections that have brought Bitcoin around $92,000.
A historic 'altseason' in perspective
The next stage of this cycle, dubbed the 'banana singularity' by Raoul Pal, should be characterized by a widespread explosion of alternative cryptocurrencies (altcoins). The DeFi researcher 0xNobler shares this optimistic view, predicting a rise of Bitcoin to $500,000 that would trigger 'the largest altcoin season in history.'
This perspective is supported by the analysis of Bitcoin dominance, currently steady at 58%. Historically, a drop in this indicator signals the beginning of a favorable period for altcoins. The current market consolidation, comparable to that observed in 2016-2017, could therefore precede a phase of massive expansion.
