There are indeed a lot of meme coins nowadays, but not all of them are worth investing in. Because some are made just for fun, or shit coins. Before we invest, it would be better if we ensure the seriousness of the project.
Shiba is also a meme coin of the Ethereum and BSC blockchains. I think you can invest in this for the long term. Although the current value is still very low.
Shiba is the same like other meme coins, it has very large total supply but at the same time SHIB trying to defeat doge coin thats the same meme coin. The price of SHIB is much less than its ATH because the trend of meme coins not continuing anymore. Maybe if the trend can be resurrected again it can rise in price but thats very unlikely and not going to be the same to the first time meme coin trend is coming.