Altcoins Tumble in Turbulent Week
The cryptocurrency market has entered a turbulent phase this week, with XRP (XRP), Dogecoin (DOGE), and Cardano (ADA) all posting sharp declines.
While established altcoins struggle to find momentum, crypto whales are redirecting their capital into Moonshot MAGAX. This is a new meme-to-earn project that’s gaining traction for combining utility with community incentives.
XRP Drops by 7.69% as It Struggles to Reclaim $3 Mark
XRP (XRP) fell by 7.69% in the past seven days, trading around $2.80 after repeated failed attempts to retest the $3 mark. Analysts note that if XRP can break through this resistance with sustained volume, it might advance towards $3.20 and $3.50.
However, a drop below $2.70 might drag the token further down to $2.50, exposing investors to additional downside risk. For now, XRP is fighting against its weakening momentum as it struggles to reclaim the $3 level.
Lack of Investor Interest Pushes DOGE 8.51% Down in a Week
Dogecoin (DOGE) has extended its losing streak, posting an 8.51% decline this week and settling near $0.2150. The meme coin has now spent over eight months in decline, with little progress despite all the short bursts of social media attention.
Analysts say that this stagnation is due to the lack of real-world utility and diminishing investor enthusiasm. DOGE once thrived on community-driven hype, but it has no technological upgrades or ecosystem growth, and this has left it vulnerable.
Cardano Sees 10% Decline in One Week Amidst Breakout Hopes
Cardano (ADA) has recorded the steepest losses among the three, dropping by 10.01% this week to trade at $0.8188. Despite the pullback, analysts say that ADA is now testing a long-term support zone, and this could lay the groundwork for a rebound.
Market participants are closely watching the $0.90 level as the potential breakout trigger, as they think that the Cardano ETF and positive technical signals will lead to a recovery. A decisive move above $1 could restore momentum and investor confidence.
Crypto Whales Show Interest in Moonshot MAGAX
While XRP, DOGE, and ADA struggle, whale investors are redirecting their funds into Moonshot MAGAX, a meme coin project that merges viral culture with utility. Their interest is obvious in how fast the presale has been moving, with Stage 1 already over 85% complete in record time.
Investors are rushing to buy MAGAX before the next stage, which will see the price slightly increase. By the final stage of the presale, MAGAX holders will already be sitting on considerable profit before the public listing.
MAGAX is built on the meme-to-earn ecosystem, which rewards creators, promoters, and community participants whenever they post memes and interact on social media. This is creating a cycle of engagement and token demand.
This change in whale behavior is speeding up MAGAX’s presale progress, and the allocations are selling faster than expected. This isn’t surprising considering that MAGAX is based on impressive utility.
Analysts Expect 166x ROI from MAGAX Token
Market analysts project that MAGAX could deliver up to a 166x ROI after it’s listed, driven by its community governance features, deflationary tokenomics, and staking options.
Unlike other meme coins, which rely on sentiment, MAGAX seeks to balance meme appeal with tangible use cases, making it stand out in the meme coin sector. Now, whales are signalling early confidence, and retail interest is climbing, making MAGAX a strong contender in the crypto space.
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