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Real Vision founder: The market is still in the 'banana zone', and alt season will follow after consolidation.
BlockBeats news, on January 10th, Raoul Pal, co-founder and CEO of Real Vision, stated that the cryptocurrency market is entering the 'Banana Moment' or the 'everything is pumping' period. ('Banana Moment' is a term coined by Raoul Pal to describe a period of significant price pumping.) Raoul Pal states that the market is still in the Banana Moment, and the first stage of this bull market was the breakthrough in November last year. The next phase will be a consolidation period similar to the 2016/2017 cycle, which will not last long. The next stage after the Banana Moment is the 'Banana Peak', which is a season of altcoins where 'everything will pump and then a larger consolidation will occur'.