Leading blockchain security and analytics platform CertiK has selected Shiba Inu as its latest “Project Scoop.”
In a recent tweet, CertiK noted that it chose to “get the scoop” on Shiba Inu because the crypto asset has been trending on its platform recently.
#CertiK Project Scoop 👀
As a constant trending project on #CertiK, let's get the scoop on @Shibtoken!
🔗 https://t.co/iZ0uytWHZO $SHIB #ShibaInu #SHIBARMY pic.twitter.com/I9B2iGF6F1
— CertiK (@CertiK) February 8, 2023
Following Shiba Inu’s latest trend, CertiK shared data highlighting the performance of the canine-themed cryptocurrency on its platform. According to the data, Shiba Inu has a Skynet Trust Score of 95, making it the second most secure cryptocurrency on the CertiK security Leaderboard.
It is noteworthy that Shiba Inu is only behind Ethereum scaling solution Polygon, which also has a trust score of 95%. Interestingly, Shiba Inu ranks ahead of other leading cryptocurrencies on CertiK, including ApeCoin (APE), Aave (AAVE), Decentraland (MANA), etc.
The analytics platform further confirms that Shiba Inu currently holds three badges: CertiK Skynet, CertiK Top 10% Watched, and CertiK Top 10%.
This is not the first time CertiK is putting Shiba Inu in the spotlight to promote the widespread adoption of cryptocurrency. In November, the blockchain analytic platform selected Shiba Inu as its “project spotlight,” highlighting the cryptocurrency’s on-chain metrics and social outlook.
According to CertiK, Shiba Inu recorded strong growth in its social sentiment score (79%) despite the implosion of the FTX crypto exchange.
$SHIB ’s Social Sentiment Index, per the Skynet Social Analysis module, is a crucial and efficient tool in ascertaining how online communities feel about particular projects. With majority sentiment positive, we so far see good signs ahead! pic.twitter.com/coi02AVNPA
— CertiK (@CertiK) November 17, 2022
Shiba Inu Soars Over 30%
It did not take long before Shiba shredded the effect of the FTX collapse on its price. Shiba Inu rallied nearly 30% above $0.000015 over the weekend. The team behind SIHB took to Twitter to congratulate enthusiasts for believing in the project. Although SHIB’s price has slumped from its weekend high due to Bitcoin’s movement, deep-pocketed investors have continued to express confidence in Shiba Inu by scooping vast amounts of the asset class.
Meanwhile, Shiba Inu’s popularity has grown tremendously. The cryptocurrency has caught the attention of the entire crypto community as it transitions from being tagged as a meme coin to a utility token. Shiba Inu is close to launching its layer-2 network dubbed Shibarium. The L2 blockchain will make Shiba Inu transactions faster, cheaper, and more private. Furthermore, the team will develop a burn portal specifically for Shibarium to contribute to the ongoing burn campaign of SHIB.