CertiK has restored AAA security rating for Shiba Inu

Shiba Inu (SHIB) has experienced a remarkable revival after CertiK, a well-known blockchain security platform, restored its AAA rating. This upgrade comes on the heels of a decline in its safety score that triggered worries among investors and crypto fans.

Just recently, it is revealed that SHIB's rating had gone down to 93.67, causing it to lose its AAA rating. Nevertheless, the asset has now been able to reach back up to a 94.05 score and reclaim its AAA rating — the highest available on Certik. Other noteworthy currencies such as Bitcoin (BTC) and Ethereum (ETH) also have AAA ratings.

CertiK has restored AAA security rating for Shiba Inu

CertiK's Security Score is a thorough assessment system that evaluates a project's current safety state, analyzing both its data on the blockchain and off it. It offers an overall rate of a project's security and quality, which are essential elements in deciding its dependability and trustworthiness.

The security score is evaluated on a 0-100 point scale and divided into five categories: AAA, AA, BB, B and CC. The highest rating of AAA is the most esteemed.

The Shiba Inu achieved the highest marks in numerous areas

Shiba Inu's security rating of 94.05 is a clear indication of its progress in multiple areas. A closer look at the scores shows remarkable results in a variety of categories.

Fundamental Health: 92.32
Operational Resilience: 92.53
Governance Strength: 97.08
Market Stability: 96.60
Community Trust: 92.41
Code Security: 91.02

The Shiba Inu project's recent recovery of its AAA rating from CertiK, after having dropped to 51st in the security score rankings, indicates the team's dedication to strengthening their security protocols and resolving any issues that were found.

It is anticipated that this recent success will rebuild trust among investors and strengthen the reputation of the SHIB token.

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