If you look at what are the project's goals and how they want to develop, I wouldn't call it a shitcoin. At times the good way to develop is use the existing technological solutions and try to improve what's not good in them. Is Waves an ultimate solution to all the crypto problems? It obviously isn't, but they offer competition to ETH, for example, and it's good for both and for the new projects that are choosing the platform for themselves.