Shiba Inu’s Certik AAA Rating Restoration Boosts Community Trust

• Certik utilizes over 15 signals to measure security performance across six categories.
• Shiba Inu’s rank on Certik Security Leaderboard has jumped from 51 to 33.

Shiba Inu has reclaimed its AAA rating on Certik. Getting ranked on a leading blockchain security and auditing platform boosted the Shiba community confidence. Certik increased the Skynet Security Score of Shiba Inu to 94.05 which allowed the project to regain its AAA rating. As a result, Shiba Inu’s rank on Certik Security Leaderboard has jumped from 51 to 33.

Shiba Inu Community Rejoices

Certik utilizes over 15 signals to measure security performance across six categories, including Code Security, Fundamental Health, Operational Resilience, Community Trust, Market Stability, and Governance Strength. Shiba Inu received ratings above 91 in all six categories, with particularly strong scores of 97 and 96 in Governance Strength and Market Stability, respectively.

Concerns were raised by the Shiba Inu community when the project lost its AAA rating recently. The drop in rating was attributed to several factors, including a potential delay in Shibarium launch, a decline in SHIB burns, and a fall in SHIB price. To address these concerns, Certik organized an Ask-Me-Anything (AMA) session specifically for Shiba Inu.

The Shiba Inu team confirmed the positive progress of Shibarium-related developments and reassured the community that the mainnet launch is imminent. They also provided updates on the advancements of ShibaSwap 2.0 and other projects.There is speculation that the price of SHIB could rally similarly to BONE’s 10% jump earlier this week.

As per CoinMarketCap at the time of writing the article, Shiba Inu price is $0.000009 USD with a 24-hour trading volume of $71,545,932 USD.

In endnote, Shiba Inu’s AAA rating restoration on Certik has significantly gained community trust. With ongoing developments and positive project updates, the infamous dog-faced memecoin makes the future look promising.