The price of Dogecoin has dropped by 2.5% in the past 24 hours, slipping to the $0.072517 as the market as a whole suffers a similar fall today.

DOGE's slide today compounds recent losses for the coin, which is now down by 8% in the past week and by 11% in the last 30 days, with the meme token up by only 3% since the beginning of the year.

This kind of underperformance contrasts with the successes gained in the past couple of weeks by a number of new meme coins, with SpongeBob (SPONGE) being the latest.

Following a string of exchange listings, SPONGE has gained by as much as 9,000% since launching at the beginning of the month, and with more listings likely to follow it could easily see more rallies soon.

The Dogecoin community remains convinced that, eventually, Twitter will introduce cryptocurrency -- and DOGE -- payments in some form, but this could still be a long way off, while there's no guarantee that DOGE will receive any favored treatment ahead of other cryptos.

But if DOGE does come to Twitter, it will undoubtedly have a positive effect on the meme token's price, and could see it lose the decimal place it has gained since the end of last year.