ChainCatcher Message, 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." (The "Banana Zone" is a term coined by Raoul Pal to describe periods of significant price increases.)

Raoul Pal indicated that the market is still in the Banana Zone, and the first phase of this bull market was the breakout last November. What follows will be a consolidation period similar to the 2016/2017 cycle, which won't last too 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 consolidation."