Real Vision CEO Raul Pal believes that the crypto market is on the verge of a banana singularity. According to him, the cryptocurrency industry is currently experiencing dynamics similar to the growth chart of banana prices.
The first phase of digital asset market maturation began in November 2024 with a sharp jump in the price of Bitcoin and other digital coins. The industry is currently going through a consolidation period that resembles the 2017 cycle in its characteristics, according to Raoul Pal.
However, this respite will not last long, and the next stage is the “banana singularity,” which is the altcoin season, when all coins will experience massive growth. This will be followed by a longer consolidation, the businessman noted.
In his opinion, in the third phase, all the key winners will explode and reach new highs, and this will be a period of capital concentration in the most promising cryptocurrency projects.
It should be noted that, despite the current correction, the total capitalization of the crypto market has grown by 90% over the year from $1,8 billion to $3,4 billion. In December 2023, a historical maximum of $3,9 billion was set, which is 27% higher than the peak of the previous cycle in the industry.
