Shiba Inu Rockets Back to AAA Security Status on CertiK

The post Shiba Inu Rockets Back to AAA Security Status on CertiK appeared first on Coinpedia Fintech News

Shiba Inu, the beloved meme coin, has successfully reclaimed its prestigious AAA rating on the blockchain security platform Certik. This recent development has sparked a lot of curiosity within the community, leading to a burning question: will the SHIB price rally in response?

Shiba Inu’s Skynet Security Score on Certik has soared to an impressive 94.05, propelling the project back to its well-deserved AAA rating. With this achievement, Shiba Inu has climbed from 51st to 33rd place on the Certik Security Leaderboard. Talk about a remarkable comeback!

Certik employs a comprehensive set of criteria across six security categories to assess the security performance of projects. Shiba Inu excelled in all categories, garnering ratings above 91. Notably, it scored an impressive 97 in Governance Strength and 96 in Market Stability, underscoring its robust foundation.

Shiba Inu regains AAArating from Certik & climbs to 33rd! Await Shibarium mainnet; $SHIBdespite 1% dip& 15% decrease this month. Carefulinvesting! https://t.co/c9MFScs8Tp pic.twitter.com/CJeAJnbaPN

— Chain Review (@Chain_Review) May 30, 2023

SHIB Price Rally on the Horizon?

The Shiba Inu community expressed concerns when the project initially lost its AAA rating. In response, Certik organized an “Ask Me Anything” (AMA) session to address the community’s queries regarding developments, trust, and stability. During the AMA, the Shiba Inu team reassured everyone that the progress of Shibarium and other projects is on track, with the highly anticipated mainnet launch just around the corner. Additionally, updates regarding ShibaSwap 2.0 and other exciting ventures were also shared.

Now, let’s talk about the SHIB price. It’s true that the coin experienced a slight dip of 1.06% in the last 24 hours, currently trading at $0.000008692. However, we should keep in mind that the overall sentiment remains positive, as evidenced by BONE’s recent 10% jump earlier this week. While SHIB has witnessed a 15% decline this month, the probability of a rally in the coming weeks appears to be higher.