Altcoin Market Downturn: Ripple, Cardano Plunge as MAGAX Presale Soars

The cryptocurrency market experienced a significant downturn this week, with major altcoins like XRP and ADA suffering notable drops. However, the MAGAX presale emerged as a standout performer, witnessing a 10% increase in investor interest despite the overall market decline. Ripple’s native token XRP fell below $3, likely due to heavy selling pressure from large holders, while Cardano (ADA) dropped by around 8%. This reflects both profit-taking after recent gains and market-wide unease. The contrasting performance underscores the volatility of altcoins compared to MAGAX, which continues to defy the downtrend with its innovative presale mechanics.