The traditional market downturn has sent shockwaves through the crypto world.  Bitcoin's price, often seen as a bellwether for the entire market, is displaying its characteristic volatility.  A decline in traditional markets can indeed trigger a domino effect, impacting other cryptocurrencies like memecoins and L2 networks.

This volatility can be unnerving, even for seasoned investors.  The "mad swings," scams, and pump-and-dump schemes can create a frenzy of uncertainty.  Imagine a rollercoaster ride – exhilarating, but also potentially stomach-churning.

This doesn't eliminate the inherent risks, of course.  Memecoins and L2 networks, while potentially exciting, are also inherently speculative.  Their wild price fluctuations can be a double-edged sword – offering high potential returns but also significant risks.