Raoul Pal, co-founder and CEO of Real Vision, said the cryptocurrency market is entering the "banana singularity" zone, or a period where "everything goes up." (The term "banana zone" is used to describe a period of significant price increases.)
Raoul Pal said the market is still in the banana zone, and the first phase of this bull run was the breakout last November. This will be followed by a period of consolidation similar to the 2016/2017 cycle, which will not last long. The next stage of the "banana zone" is the "banana singularity," an altcoin season where "everything goes up, followed by a larger consolidation."