Waves is a good project. Once this coin gave me a good salary. But at the moment I do not believe in the fact that the waves can ever become a full-fledged competitor for Ethereum.
It has to stay at top 10 first, waves is currently rank at no. 31 now, so it can be seen that is has dropped.
Waves has potential to grow but I don't see it having a chance to replace ETH even 10 years from now, that's what I think only but we can never tell.
In case it will happen although unlikely, I would still be happy as I am also holding this coin, and I intend to hold longer.