CoinVoice has learned that Real Vision CEO Raoul Pal predicts that the cryptocurrency market is entering the "Banana Singularity" phase. He divides the current market into three phases: a breakthrough 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 experience a comprehensive upward trend, with core winners reaching higher peaks. He also pointed out that the current market trend is similar to the 2016/2017 cycle and expects the consolidation period to come to an end soon. [Original link]