Shiba Inu commentator, Ragnar Shiba, has delivered a message of resilience and optimism to holders, reminding them of what originally made the token strong.
Notably, his remarks come amid renewed optimism that Shiba Inu could reclaim a stronger position in global crypto rankings.
Key Points
- Ragnar Shiba identifies the Shiba Inu community as the primary driver behind the token’s strength.
- He emphasizes that the community has remained supportive through periods of heightened volatility.
- Ragnar also highlights $SHIB’s gradual recovery in global cryptocurrency rankings, signaling improving market positioning.
- Despite this progress, $SHIB still faces a real risk of slipping out of the top 30, reflecting ongoing competitive pressure.
Shiba Inu Community Behind $SHIB Strength
Ragnar argued that $SHIB’s strength has never depended solely on price rallies or social media hype. Instead, he emphasized the critical role of community members, ShibArmy, who continue to support the ecosystem, even during difficult market conditions.
Moreover, he highlighted how the community has remained active despite volatility and broader uncertainty in the crypto sector. In doing so, he positioned the community as the backbone of not only $SHIB but its wider ecosystem.
It is worth noting that the community’s sustained support has helped defend $SHIB against criticism while also attracting new investors. However, momentum has slowed in recent periods, particularly as some participants shift their attention to other tokens. Even so, committed supporters like Ragnar continue to advocate for the project.
$SHIB Reclaiming Position in Global Crypto Ranking: Ragnar
Meanwhile, Ragnar also drew attention to $SHIB’s recent standing in global crypto rankings. He noted that the token is beginning to regain ground in terms of market capitalization.
His accompanying data showed $SHIB ranked 25th on CoinMarketCap. However, at press time, the token has slipped slightly to 26th place and is valued at $3.72 billion. This movement follows several instances earlier this year when $SHIB came close to falling out of the top 30 altogether.
Although $SHIB currently ranks 26th, it remains under pressure. Its market valuation is less than $1 billion behind competitors such as Sui, PayPal USD, Toncoin, and Cronos, which rank 27th through 30th, respectively.
Even as Ragnar claims that Shiba Inu is reclaiming ground in the global crypto rankings, the token still ranks third among meme coins, trailing MemeCore, which overtook it earlier this year. At the time of writing, $SHIB trades at $0.000006314, marking a 1.24% gain over the past 24 hours.
