TLDR
- DOGE traded near 6.8 cents on November 11 after hitting a one-year low on November 10.
- DogeOS CEO Jordan Jefferson says mainnet is “very, very close,” with no date given.
- More than 100 builders are working on DogeOS projects.
- Spot Dogecoin ETFs logged zero net flows from October 14 to November 10.
- Analyst Celal Kucuker is watching bull market support, with targets at $1.10 and $2.
Dogecoin (DOGE) traded near 6.8 cents on November 11. The meme coin hit its lowest level in a year on November 10.
DOGE fell 1.7% over the past 24 hours. It is down 11.6% over the past week and 17.2% over the past month.
The token is 90.7% below its all-time high of about 73 cents, set in May 2021. Its market value is about $10.7 billion, which ranks 13th among cryptocurrencies. A return to $1 would put DOGE 36.7% above that peak.
DogeOS founder and CEO Jordan Jefferson said the project is close to launching its mainnet. He spoke to The Block on a Wednesday episode of The Starting Block podcast.
“Development is complete on version one; audits are complete,” Jefferson said. He called the mainnet launch “very, very close” but did not give a date.
What DogeOS Plans to Build
DogeOS is building an EVM-compatible app layer for Dogecoin. It would give DOGE holders more uses than payments and tipping. Developers could use it to build apps and DeFi features.
JUST IN: DogeOS nears mainnet launch with an EVM-compatible app layer for $DOGE that enables developers to build DeFi, games and other apps on Dogecoin for the first time. pic.twitter.com/D14NaGyHnQ
— Gokhshtein (@gokhshtein) November 11, 2026
Jefferson said the uses could include games and other ways to earn Doge. He added that DeFi infrastructure is needed for Dogecoin to become “money for more people.”
More than 100 builders are working on projects, Jefferson said. The team is also working on integrations with wallets, exchanges and other protocols. Wallet and exchange integrations are a priority.
The push follows last month’s launch of Dogecoin Labs. The group brought together developers and products from DogeOS, the Dogecoin Foundation and House of Doge.
Dogecoin Labs aims to help fund core developers. Jefferson said Dogecoin is too big to rely on donations forever. The Block reported the comments on November 11.
Price Levels, Supply and ETF Flows
Analyst Celal Kucuker said on X that Dogecoin is fighting a make-or-break battle at bull market support. He named $1.10 as the first target if the next bullish move begins.
Dogecoin is fighting a critical make-or-break battle at bull market support.
If the next bullish move kicks in, the first target is $1.10, followed by a potential sharp rally toward the $2 range, aligning with the 1.618 Fibonacci extension.$DOGE could be gearing up for a… pic.twitter.com/SkhVL3a3oZ
— Celal Kucuker (@CelalKucuker) November 10, 2026
Kucuker added that a sharper rally toward $2 would line up with the 1.618 Fibonacci extension. He said DOGE could be gearing up for a major move.
Longer-term chart signals have turned lower. The 50-day moving average of about 8 cents has fallen below the 200-day average of about 9 cents, a pattern traders call a death cross.
Supply also shapes the math for a $1 price. Each block pays 10,000 DOGE, and the network targets one block per minute, which creates about 5.26 billion new coins a year.
That puts supply near 157 billion coins now and about 178 billion by 2030. A $1 price would then need a market value near $178 billion, about 16.7 times today’s level.
Spot Dogecoin ETFs have been quiet. SoSoValue data through November 10 shows zero net flows on every trading day from October 14 to November 10.
Outflows were about $399,000 on October 12 and $139,000 on October 13. Total net assets are $11.1 million, about 0.1% of Dogecoin’s market value. Cumulative net inflows stand at $15.1 million.
Bitcoin (BTC) traded at $73,957 on November 11, down 28.4% over the past year. DOGE has fallen 60.4% over the same period and is down 42% in 2026.
