Shiba Inu Regains AAA Security Rating On CertiK

Shiba Inu makes a remarkable comeback and regains an AAA rating from CertiK after a recent drop in security score, boosting investor confidence.

Shiba Inu (SHIB) has made a remarkable comeback by regaining its AAA rating from CertiK, a prominent blockchain security platform. The rating upgrade follows a recent drop in its security score, which caused concerns among investors and the crypto community.

Specifically, this recovery comes barely a week after The Crypto Basic disclosed that SHIB’s rating had fallen one step behind with a 93.67 score. However, the asset has now hit a 94.03 score, regaining the AAA rating — which represents the highest rating category on Certik. Notably, prominent tokens such as Bitcoin (BTC) and Ethereum (ETH) also boast AAA ratings.

$Shib is a AAA ! For more details https://t.co/PvJvKn0fvu pic.twitter.com/TYpI81XZWH

— Ralph Le Sueur (@RalphLesueur) May 30, 2023

CertiK’s Security Score is a comprehensive evaluation system that assesses a project’s real-time security posture, analyzing both on-chain and off-chain data. It provides an overall measure of a project’s security and quality, crucial factors in determining its reliability and trustworthiness.

The security score is graded on a scale from 0 to 100, classified into five levels: AAA, AA, BB, B, and CC, with AAA being the highest and most prestigious rating.

Shiba Inu Top Score on Multiple Categories

Shiba Inu’s current security score of 94.03 demonstrates a significant improvement across multiple categories. The breakdown of the scores reveals impressive figures in various aspects:

– Fundamental Health: 92.32

– Operational Resilience: 92.53

– Governance Strength: 97.08

– Market Stability: 96.60

– Community Trust: 92.41

– Code Security: 91.02

This resurgence is particularly notable considering Shiba Inu’s recent setback when it lost its AAA rating on CertiK, plummeting to the 51st position in the security score rankings. Shiba Inu’s regain of its AAA rating highlights the project’s commitment to enhancing its security infrastructure and addressing any vulnerabilities that may have been identified. 

The recent accomplishment is expected to restore confidence among investors and further bolster the credibility of the SHIB token.