A well-known Shiba Inu commentator, going by the name Ragnar Shiba, recently spoke up with a message that feels more grounded than the usual hype. He’s telling SHIB holders to remember what actually gave the token its staying power. And honestly, his timing is interesting. There’s a fresh wave of optimism that Shiba Inu might climb back up the global crypto rankings.

The Real Backbone of SHIB

Ragnar made a pretty straightforward argument. He said SHIB’s strength was never really about price spikes or loud social media campaigns. Instead, he pointed to the community — the ShibArmy — as the real force. These are the people who keep supporting the ecosystem even when the market gets rough. And let’s be real, the crypto sector has seen plenty of uncertainty lately.

The commentator highlighted how this community has stayed active through the ups and downs. He positioned them as the backbone, not just for SHIB itself but for the whole ecosystem around it. It’s worth noting that this kind of sustained support has helped shield the token from criticism and even pulled in new investors at times. But lately, momentum has been a bit shaky. Some participants have drifted toward other tokens. Still, committed folks like Ragnar keep pushing forward.

Shiba Inu’s Current Standing in Rankings

Ragnar also brought up where SHIB sits in the global crypto rankings. He noted that the token is starting to regain ground in market capitalization. The data he shared showed SHIB ranked 25th on CoinMarketCap at one point. But at the time of this writing, it’s slipped to 26th place, with a valuation of about $3.72 billion. Earlier this year, there were moments when SHIB almost dropped out of the top 30 entirely. So this is a bit of a recovery, but it’s not rock solid yet.

Right now, SHIB is under pressure. It’s less than $1 billion behind competitors like Sui, PayPal USD, Toncoin, and Cronos, which hold positions 27th through 30th. That’s a tight race. And even though Ragnar sees SHIB reclaiming ground, it still ranks third among meme coins. It trails MemeCore, which overtook it earlier this year.

As for the price, SHIB is trading at $0.000006314 at the moment. That’s a modest 1.24% gain over the past 24 hours. Not huge, but not nothing either. The community might need to keep that resilience Ragnar talks about if they want to hold onto their spot.