Shiba Inu, the beloved meme coin, has successfully reclaimed its prestigious AAA rating on the blockchain security platform Certik. This recent development has sparked much curiosity within the community, leading to a burning question: will the SHIB price rise?
Shiba Inu’s Skynet security score on Certik has risen to an impressive 94.05, earning the project its well-deserved AAA rating. With this achievement, Shiba Inu has risen from 51st to 33rd place on the Certik Security Leaderboard. Talk about a remarkable comeback!
Certik uses a comprehensive set of criteria in six security categories to assess the security performance of projects. Shiba Inu excelled in all categories, earning ratings of over 91. Notably, it scored an impressive 97 in Governance Strength and 96 in Market Stability, underscoring its robust foundations.
Shiba Inu regains AAA💎rating from Certik👏 and climbs to 33rd😮! Wait for Shibarium mainnet🔥; $SHIB🚀despite 1% drop💧& 15% drop this month. Careful 🧐 investing! 🐕🦺📈https://t.co/c9MFScs8Tp pic.twitter.com/CJeAJnbaPN
— Chain Review (@Chain_Review) May 30, 2023
SHIB Price Rally Coming?
The Shiba Inu community expressed concern when the project initially lost its AAA rating. In response, Certik organized an “Ask Me Anything” (AMA) session to answer community questions about developments, confidence and stability. At the AMA, the Shiba Inu team assured everyone that progress on Shibarium and other projects is on track, with the highly anticipated mainnet launch just around the corner. In addition, updates on ShibaSwap 2.0 and other exciting ventures were also shared.
Now let’s talk about the SHIB price. It is true that the coin has experienced a slight drop of 1.06% in the past 24 hours and is currently trading at $0.000008692. However, we should not forget that overall sentiment remains positive, as evidenced by BONE’s recent 10% jump earlier this week. While SHIB has seen a 15% decline this month, it seems more likely to rally in the coming weeks.