Shiba Inu has reclaimed its AAA rating from leading blockchain security and auditing platform Certik. The community recently raised concerns about a recent drop in the meme coin rating on Certik despite developments related to the Layer-2 blockchain Shibarium, metaverse, and other projects. Can SHIB price rally similar to BONE’s 10% jump earlier this week?
Shiba Inu Ranks Among the Most Secure Projects on Certik
Blockchain security pioneer Certik increased the Skynet Security Score of Shiba Inu to 94.05, making the project reclaim its AAA rating. As a result, Shiba Inu rank has jumped from 51 to 33 on Certik Security Leaderboard.
Certik integrates over 15 signals to measure security performance across six security categories — Code Security, Fundamental Health, Operational Resilience, Community Trust, Market Stability, and Governance Strength. Shiba Inu received over 91 ratings in all 6 categories, with higher points of 97 and 96 in Governance Strength and Market Stability, respectively.
The Shiba Inu community raised concerns after the project lost its AAA rating. Certik announced an AMA for Shiba Inu seeking clarity over developments, community trust, and stability. The Shiba Inu team confirmed that the Shibarium-related developments are going well and the mainnet will be out soon. The team shared progress on developments related to ShibaSwap 2.0 and other projects.
The recent drop in the rating is believed to be caused by several reasons including a possible delay in Shibarium launch, decline in SHIB burns, and SHIB price fall.
Also Read: Shiba Inu Burn Rises 1500% Amid Price Rally Anticipation
SHIB Price to Rally Like BONE?
Shibarium’s gas token BONE rallied over 10% this week in anticipation of Shibarium developments. BONE price currently trades at $0.83.
SHIB price fell over 1% in the last 24 hours, with the price currently trading at $0.0000086. The 24-hour low and high are $0.00000864 and $0.00000885, respectively. The meme coin is down 15% this month. However, the probability of Shiba Inu rally in the coming weeks remains higher.
Also Read: South Korea Proposes System To Freeze Funds On Binance, Top Crypto Exchanges
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
