Somehow Waves doesn't even have a real trading market at the moment. Even observing the market 1h per week one sees the same bot trading those 1.3k and 2.3k Waves back and forth for like over a week now.
If it goes too low, it buys up, if it goes too high it dumps it. Right now at around 36-38K.

This is why an other big exchange is important. I'm not even about Polo and my oh so precious monthly trading volumes to be the cool guy with a pink name in the trollbox.
Be it Polo, Kraken or any other exchange that has the power to lift off at least 30% of the volume from Bittrex and bring other people in, will be very healthy for a market. Right now it just isn't.