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Cryptocurrencies Price Prediction: Ethereum, XRP & Bitcoin – American Wrap 21 August

Ethereum market dominance shrinks amid BlackRock's ETHA milestone

Ethereum (ETH) is up more than 1% on Wednesday following Glassnode's report showing its market cap dominance loss compared to Bitcoin. Meanwhile, despite negative flows in the broader ETH ETF category, BlackRock's iShares Ethereum Trust (ETHA) crossed the $1 billion net inflow milestone.
Major Asset Dominance
Ripple (XRP) trades at $0.59 at the time of writing on Wednesday, August 21. A crypto researcher is arguing that the native token of XRP Ledger is not built for retail traders and they do not govern retail price. 
XRP
Bitcoin (BTC) broadly steadies around $59,000 on Wednesday after failing to gain ground a day earlier, when it briefly touched $61,400.  FUD (Fear, Uncertainty, Doubt) seems to be again on the cards among Bitcoin traders as another significant Bitcoin transfer from a Mt.Gox-related wallet increases the selling pressure. In addition, on-chain data shows a negative OI-weighted funding rate for BTC, indicating a bearish sentiment in the market.
Lookonchain data
 
 

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