Shiba Inu’s Strong Community Support and Positive Evaluations
Shiba Inu (SHIB) is a crypto project that has garnered strong community support, leading to positive evaluations, market positioning, and growth. One expert platform, CertiK Skynet, rates SHIB as an ‘AA’ project with a security score of 91.37 out of 100, placing it in the top 10% of cryptocurrencies.
Key Points:
– Shiba Inu scores high in all categories analyzed by CertiK, except for ‘Fundamental Health’ which scored 73.75 out of 100.
– The categories analyzed include Governance Strength, Operational Resilience, Community Trust, Code Security, and Market Stability.
– The launch of Shibarium, a layer-2 blockchain for Ethereum, was highly anticipated as it would integrate SHIB into a new Web3 ecosystem.
– However, the launch did not meet expectations, resulting in over $1.7 million in ETH locked on the bridge between Ethereum’s layer-1 and Shibarium.
– A screenshot from an alleged internal Telegram conversation suggests that the Shibarium team made a mistake and cannot recover the bridged ETH.
Impact on SHIB’s Rating and Price
The failure of Shibarium could potentially affect SHIB’s rating by CertiK, impacting all categories. This, in turn, could have an effect on SHIB’s price in the cryptocurrency market. Currently, SHIB is trading at $0.0000089 with 7.26% losses in the last 24 hours. While the recent failure could impact the price, the extent of this effect will depend on broader market sentiment, demand for the token, and other developments.
Hot Take
Shiba Inu’s strong community support and positive evaluations have positioned it well in the crypto space. However, the recent failure of Shibarium poses a challenge to the community’s resilience. The impact on SHIB’s rating and price will be closely watched as the situation unfolds.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
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