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DOGE The DogeOS test network is officially launched, injecting new narrative momentum into DOGE.
The DogeOS test network is now officially launched. Its developer documentation confirms that the network is compatible with Ethereum Virtual Machine (EVM) bytecode and uses DOGE as the native currency to pay for transaction fees. Developers can use the familiar Ethereum tool chain to bridge DOGE for testing and deploy smart contracts.
While prices are still limited by key short-term resistance levels, the launch of DogeOS has given Dogecoin a new narrative of practical value.
DOGE welcomes a new catalyst
DogeOS actually builds a smart contract environment around Dogecoin, which is expected to open the door to transactions, lending and other on-the-chain applications without changing Dogecoin's basic structure.
The timing of this launch is crucial because DOGE has been repeatedly blocked near the $0.10 mark. A previous breakthrough attempt linked the release of DogeOS to the possibility of moving towards $0.12, but then DOGE prices fell back to around $0.093. Analysis shows that $0.10 has repeatedly become the dividing line between a short-term rebound and a more lasting breakthrough.
Whales have entered the market, but the price still needs to be confirmed that
, a catalyst for practical value, comes after large holders have significantly opened positions. Previous tracking data showed that when the price approached $0.10, the main wallet addresses increased their holdings of approximately 1.14 billion DOGE units. However, this demand did not establish this price level as an effective support level.
This makes DogeOS valuable at a narrative level, but confirmation of market prices is still more important than the announcement itself. Currently, Coinbase predicts that the probability of DOGE hitting more than $0.10 in October is 68%, and the probability of breaking through $0.11 is about 49%. These contracts reflect market expectations rather than forecasts, but also highlight the close attention traders pay to the same breakout range.
