Due to good condition of waves, more people are encourage to invest this coin. I was not surprised if one day this coin going into moon, but before that I expect before end of this year waves reach more or less $15 and hopefully it will become the way to inspired developers of this coin.
I think it's a long road before waves reach even the position of ethereum, but I believe to the potential of this coin and hoping more achievement to get.
Yes, it is normal for a coin to attract a lot of attention when the price appreciates the way Waves has, hitting its new fiat highs. It did not do a x10 like other alts, though, so it will avoid getting overheated in alts market. So this is good news for us holders, especially with all the nice things being achieved before the end of the year.
I think the devs do not need inspiration from prices, but of course it is a nice bonus, so am sure some people are cashing out, but not enough to lower prices and somehow keep the growth in check.