{"id":7018,"date":"2025-01-10T13:46:56","date_gmt":"2025-01-10T13:46:56","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=7018"},"modified":"2025-01-10T13:46:56","modified_gmt":"2025-01-10T13:46:56","slug":"xrp-xlm-and-doge-see-recovery-in-stateside-demand","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=7018","title":{"rendered":"XRP, XLM and DOGE See Recovery in Stateside Demand"},"content":{"rendered":"<div>\n<p>This week, the crypto market has witnessed a notable positive shift, particularly in prices for major alternative cryptocurrencies XRP, DOGE and XLM.<\/p>\n<p>These tokens are once again priced more or less the same on the Nasdaq-listed Coinbase, considered a proxy for the stateside demand, and the offshore giant Binance, TradingView data shows.<\/p>\n<p>The recovery from the steep discounts on Coinbase observed in the second half of the last month points to renewed participation of stateside investors in these markets.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.sanity.io\/images\/s3y3vcno\/production\/d1cd3b33ceef081dad6d5039b494c154ce3312e1-2396x982.png\" alt=\"\"><\/p>\n<p>The above charts show the so-called Coinbase premium indicator for XRP, XLM and DOGE. It measures the spread between the dollar-denominated prices on Coinbase versus the tether-denominated prices on Binance. Tether is the world&#8217;s largest stablecoin, with a value that is 1:1 to the U.S. dollar.<\/p>\n<p>The Coinbase premium for the three tokens surged in early December as BTC&#8217;s move to lifetime highs above $108,000 spurred risk-taking. BTC&#8217;s uptrend, however, ran out of steam in the second half of the month as hawkish Fed expectations gripped the market, tempering bullish expectations in the altcoin sector.<\/p>\n<p>The premium, then, quickly turned to a discount.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>This week, the crypto market has witnessed a notable positive shift, particularly in prices for major alternative cryptocurrencies XRP, DOGE and XLM. These tokens are once again priced more or less the same on the Nasdaq-listed Coinbase, considered a proxy for the stateside demand, and the offshore giant Binance, TradingView data shows. The recovery from [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-7018","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/7018","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7018"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/7018\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}