XRP, XLM and DOGE Analysis: Key Indicator Shows StateSide Demand is Recovering
XRP, XLM, and DOGE have experienced a resurgence in stateside demand, reflected in their pricing becoming consistent across both Coinbase and Binance. Previously, these tokens were trading at a discount on Coinbase, but recent trends indicate a narrowing of this gap, signifying renewed interest from U.S.-based investors. The Coinbase premium indicator, which compares the dollar-denominated prices on Coinbase to the tether-denominated prices on Binance, indicates a recovery in demand. Following a surge in Bitcoin prices that drove speculative trading in early December, the altcoin sector faced challenges due to market sentiments influenced by hawkish Federal Reserve expectations. By January 2025, the altcoins have regained parity in pricing on Coinbase and Binance, demonstrating positive market shifts for XRP, XLM, and DOGE as investors return to the market after a period of reduced participation.
Source 🔗