Altcoin Season is Coming! Here Are Raoul Pal's Top Crypto Picks
In a recent video analysis published by Savvy Finance, analysts weighed in on Real Vision founder and #CEO Raoul Pal's views on the upcoming altcoin season. Pal predicted that the current “boring zone” is almost over and a transition to the “banana zone” is imminent, where significant market activity is expected. Pal stated that he expects a 10x increase in the market value of altcoins, excluding Ethereum, similar to patterns in the 2016-2017 crypto bull market.
Savvy Finance emphasized that a major altcoin season known for significant price increases and market enthusiasm is just around the corner. Crypto analysts known as Mustache recently revealed that the 3W Gaussian Channel has turned from red to green, indicating that a strong altcoin season is approaching.
However, since there is a strong transition after 2020, this is the period when maximum altcoins will be gained. Pal predicts that #Ethereum and specifically #Solana are outperforming Bitcoin, with Solana potentially making the most significant gains in its market offering.
According to Raoul Pal, we are in the advancement of the “banana zone”, a promising phase for altcoins, and Solana is likely to lead the way. He emphasizes that these developments can provide great returns when they occur. The future of this year will be in the 4th quarter, when the market will rise with the elections.
He also stated that the “bigger play” is altcoin season or “Banana Zone,” referring to altcoins' massive rises and parabolic price charts. Currently, Bitcoin dominates with a 52% market share. For the altcoin season to start, this rate must fall to mid-40%, as in the last cycle.
Raoul Pal predicts that Ethereum will outperform Bitcoin and Solana will outperform both. He highlighted Solana's strong chart patterns and low volatility as indicators of potential high gains. According to Pal, Solana will be the best performer of the upcoming cycle.
