A development that delights investors of the popular altcoin Shiba Inu (SHIB) drew attention. Popular meme coin Shiba Inu has successfully regained its AAA rating from Certik, a leading Blockchain security and auditing platform. The recent drop in the Shiba Inu’s rating has raised concerns among the community. But developments of the project with Shibarium and other initiatives have now helped it regain its respectable position. Here are the details…
Certik scores AAA for altcoin SHIB
Known for its Skynet Safety Score, Certik has upgraded the Shiba Inu’s rating to 94.05. Thus, it increased the project’s ranking on Certik’s Security Leaderboard from 51 to 33. Certik uses a comprehensive evaluation methodology that integrates more than 15 signals to evaluate security performance in six critical categories. The Shiba Inu received outstanding scores in all categories for management strength and market stability, with scores of 97 and 96, respectively.
The Shiba Inu community initially expressed concern when the project lost its AAA rating. To address these concerns and provide clarity, Certik has announced a Q&A session specifically for the Shiba Inu. The AMA aimed to shed light on a variety of issues, including Shibarium-related developments, community trust, and stability. During the session, the Shiba Inu team confirmed that Shibarium is running smoothly and the mainnet is expected to launch soon. The team also shared updates on the development of ShibaSwap 2.0 and other related projects.
Why did SHIB’s rating drop in the first place?
The recent drop in the Shiba Inu’s rating is due to a potential delay in the launch of the Shibarium. It is also likely to be attributed to several factors such as the drop in the SHIB burn and the pullback in the SHIB price. However, despite these setbacks, there is still a high probability of a Shiba Inu price rally in the coming weeks, according to some. One of the recent success stories that caught the community’s attention was the surge in the Shibarium-related gas token BONE. BONE leapt under the influence of positive expectations regarding Shibarium’s future developments. According to cryptokoin.com data, it has experienced a notable price increase of over 10 percent this week. BONE is currently trading at $0.83.
In contrast, the SHIB price has fallen slightly by 1 percent in the last 24 hours. The current trading price is at 0.0000086. The 24-hour trading range for SHIB is between $0.00000864 and $0.00000885. SHIB fell 15 percent in value during the month. However, given the optimistic outlook on the Shiba Inu, a price rally is expected in the near future. The Shiba Inu community is looking forward to the launch of Shibarium and other important developments, hoping that these initiatives will contribute to the coin’s overall value and stability.
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