Dogecoin price after the Binance reopening: what investors need to know

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Context: Binance reopened the first withdrawals on Sunday morning, and the Dogecoin network is in that first phase. DOGE, however, is not on the list of fully backed balances, and for holders that is the more important line.Add as a preferred source on GoogleFollow on Google NewsHere is what is confirmed: Binance opened the first withdrawal phase after the October 29 attack on Sunday morning, and the Dogecoin network is one of the 15 networks in that phase. The reserve snapshot dated October 31 lists ten balances as fully backed, and Dogecoin is not one of them. Our assessment follows further down: for DOGE holders the reopened withdrawal route weighs more than the missing backing line, because the way out of the exchange is what makes a decision possible at all. The price itself has barely moved. Dogecoin traded at $0.0758 on Sunday morning, up 1.20 percent over 24 hours on CoinGecko data, as of November 1 at 9.41am CET. Market capitalisation stands at $11.86bn, which ranks DOG...