Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
- Certik employs over 15 indicators to assess security performance across six categories.
- Shiba Inu’s position on the Certik Security Leaderboard has risen from 51 to 33.
Shiba Inu has regained its AAA rating on Certik. Achieving a ranking on a prominent blockchain security and auditing platform has enhanced the confidence of the Shiba community. Certik raised the Skynet Security Score of Shiba Inu to 94.05, enabling the project to restore its AAA rating. Consequently, Shiba Inu’s position on the Certik Security Leaderboard has improved from 51 to 33.
Shiba Inu Community Celebrates
Related Posts
Certik employs over 15 indicators to evaluate security performance across six categories, which include Code Security, Fundamental Health, Operational Resilience, Community Trust, Market Stability, and Governance Strength. Shiba Inu received scores exceeding 91 in all six categories, with particularly high ratings of 97 and 96 in Governance Strength and Market Stability, respectively.
Concerns emerged within the Shiba Inu community when the project recently lost its AAA rating. This decline was linked to various factors, such as a possible delay in the Shibarium launch, a reduction in SHIB burns, and a decrease in SHIB price. To address these issues, Certik held an Ask-Me-Anything (AMA) session specifically for Shiba Inu.
The Shiba Inu team confirmed the positive advancements in Shibarium-related developments and assured the community that the mainnet launch is forthcoming. They also shared updates on the progress of ShibaSwap 2.0 and other initiatives. There is speculation that the price of SHIB may experience a rally similar to BONE’s 10% increase earlier this week.
According to CoinMarketCap at the time of writing, Shiba Inu’s price is $0.000009 USD, with a 24-hour trading volume of $71,545,932 USD.
In conclusion, the restoration of Shiba Inu’s AAA rating on Certik has significantly bolstered community trust. With ongoing developments and favorable project updates, the well-known dog-themed memecoin appears to have a promising future.
