On January 10, Raoul Pal, co-founder and CEO of Real Vision, said that the cryptocurrency market is entering the "banana singularity" zone, or a period of "everything is rising." ("Banana zone" is a term coined by Raoul Pal to describe a period of sharp price increases.) The market is still in the banana zone, says Mr. Pal. The first phase of the bull market was a breakout in November. A consolidation period similar to the 2016/2017 cycle will follow, which will not last long. The next phase of the "banana zone" is the "banana singularity", a season of counterfeit products in which "everything goes up, followed by a wider consolidation".