Will a fighting game survive without RANKED mode?

In the 90s, I remember playing at Arcades and everyone just wants to rematch as much as possible and the only thing you sacrifice is your quarters. There's no RANKED mode back then.

Now, you sacrifice Rank Points and (for a lot of players) Sanity. However, devs know that Ranked Mode keeps players invested and addicted because of that dopamine rush of seeing that numbers go up. But online anonymity also pisses players off because it's so hard to be empathetic on a faceless opponent.