Shiba Inu (SHIB) has notably recovered as it has regained its AAA rating from CertiK, a well-known blockchain security platform. This rating upgrade comes after a previous decline in its security score, which raised concerns among investors and the wider cryptocurrency community.
A recent report by Fxcryptonews revealed that Shiba Inu’s rating had dropped to 93.67, falling one step behind. However, the asset has now rebounded with a score of 94.03, reclaiming the AAA rating. The AAA rating is the highest category on CertiK. Notably, well-established tokens such as Bitcoin (BTC) and Ethereum (ETH) also hold AAA ratings.
CertiK’s Security Score is a comprehensive evaluation system that thoroughly examines a project’s security position in real-time. This evaluation considers both on-chain and off-chain data, comprehensively analyzing a project’s security and quality. These factors are crucial in determining the project’s reliability and trustworthiness.
The security score is rated on a scale of 0 to 100, categorized into five levels: AAA, AA, BB, B, and CC. Among these ratings, AAA is considered the highest and most prestigious rating that a project can achieve regarding security.
Related Reading: Microsoft Bing’s AI Provides Prediction for Shiba Inu Price in June
Shiba Inu Dominates Multiple Categories With Top Score
Shiba Inu has experienced a significant improvement in its security score, currently standing at 94.03 across multiple categories. The breakdown of the scores indicates 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 noteworthy considering Shiba Inu’s recent setback when it lost its AAA rating on CertiK and dropped to the 51st position in the security score rankings. The recovery of its AAA rating highlights the project’s commitment to improving its security infrastructure and addressing any vulnerabilities that may have been identified.
The recent achievement is anticipated to rebuild trust and confidence among investors, thereby enhancing the credibility of the SHIB token.