DogeOS Testnet Launch Fails to Spark Dogecoin Price Breakout

Dogecoin's price is holding steady at $0.09447, up 0.06% over the past 24 hours, as traders weigh the potential impact of the DogeOS testnet launch.

The Ethereum-compatible network, which allows developers to build applications that use DOGE to pay transaction fees, has opened its Chikyu public testnet, giving holders new uses beyond payments and speculation.

However, experts caution that a testnet launch is not the same as sustained demand for DOGE. The price remains close to the $0.098, $0.10 supply zone, but a breakout above this level may be challenging due to potential overhead resistance.