waves platform is underdeveloped against ecr20 but has big potential , but the development is slow and the value of waves token in exchanges which is not stable is not a good sign either.
It's possible that they are going to do a "bulk" release of updates instead of doing small updates. If that was the case there could be a massive pump. But I wouldn't hold my breath for it. After all, it has been a while since anything happened with Waves.