Deep Tide TechFlow News, on January 10, according to Cointelegraph, Real Vision CEO Raoul Pal predicts that the crypto market is entering the 'Banana Singularity' phase. He divides the current market into three phases: the breakout in November 2024, the current consolidation period, and the upcoming altcoin season.
Pal stated that as Bitcoin's dominance (currently at 58%) declines, the market will welcome a comprehensive upward trend, with core winners creating higher peaks. He also pointed out that the current market trend is similar to the 2016/2017 cycle, and the consolidation period is expected to end soon.