Market veteran Raoul Pal, CEO of Real Vision, believes that meme coin Dogecoin (DOGE) could experience a major price rally. Pal introduced the concept of the "Banana Zone," a market phase characterized by consistently rising prices, and has previously advised holding investments in established cryptocurrencies like Bitcoin, Ethereum, and Solana to reduce risk. However, for those with a higher risk tolerance, Pal suggests allocating a smaller portion to emerging tokens like SUI and meme coins like DOGE. Recent pop culture moments involving bananas, such as Elon Musk's use of a banana during a SpaceX test flight and Justin Sun's purchase of a banana artwork, have triggered enthusiasm towards bananas in the crypto market. Pal believes that DOGE could slip into the Banana Zone and has previously shared a long-term analysis of DOGE's price chart, suggesting that each breakout is followed by significant price increases. DOGE whales have also been accumulating more tokens. Currently, DOGE trades for $0.3969, up 1.91% over the past 24 hours.



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