Shiba Inu is ranked the second most secure crypto project

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22 hours ago | 2 Minute Read Altcoin News Shiba Inu ($SHIB) is CertiK’s second most secure cryptocurrency project. The social activity of $SHIB grew before the launch of the Shibarium Layer-2 blockchain.

The dog-themed Shiba Inu ($SHIB) cryptocurrency project is ranked as the second most secure blockchain crypto project with a Skynet trust score of 95. According to the CertiK Web3 Security Leaderboard report , $SHIB is right behind Polygon ($MATIC ), which takes the top spot with the same score as Shiba Inu.

Shiba Inu Skynet Trust Score ($SHIB) (Source: CertiK)

CertiK is the leading security-focused ranking platform that analyzes and monitors blockchain protocols. The Skynet Trust Score is a new scoring mechanism. This was designed to simplify the concept of crypto project risk, increase transparency, and help demonstrate market health.

CertiK has rated the relative safety of Shiba Inus based on market status and social sentiment. However, the success of $SHIB was accelerated by some main factors, decentralization, large market capitalization, stability, high social following and accessibility of bug bounties, according to the ranking platform. Additionally, Doge’s Killer earned #1 on CertiK’s Top 10 Watchlist DEX Projects.

Shiba Inu moves to improve $ SHIB value

Shiba Inu, the second largest meme cryptocurrency in the world, has been in the spotlight due to its recent whale activities. Along with the current focus on the launch of Shibarium blockchain Layer-2. Also, the Shiba community hinted that the launch would take place in early 2023.

Additionally, the memecoin ecosystem added a burn mechanism last year, which is used to increase the value of the token. Shiba Inu burn tracker Shibburn reports that 83 billion SHIBs were burned in just 2022.

Shiba Inu formed major partnerships with luxury car manufacturer Bugatti to offer NFTs on January 11, 2023. However, Shiba Inu ($SHIB) has gained over 5% in the last 24 hours and 14% in just 7 days, according to CoinGecko. At the time of writing, $SHIB is trading at $0.00000925 with a market capitalization of $5 billion.

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