Waves is not to be underestimated, maybe you didn't follow their project this year there are a few that have taken the market by storm,
https://coinmarketcap.com/currencies/waves-ducks/ namely Duck Eggs which have rallied almost more than 1000% under the Waves network, the first time it launched the price was only $10 in the end and had a rally to $2400 within 2 months. In fact, many investors are profiting from it. Maybe there's something you don't know about it. But of course the market is more focused on developing cryptos with a top 10 fan base. For me that is enough to pay attention to. I'm personally grateful to have made more than $30,000 more than the Airdrops they hosted.
It is not just the projects in the wave network neither, wave itself made some noise as well. It is obvious that people are not going to follow up on wave if they do not know about it much, but the ones who know about it, already seen how amazing it could become. I remember having some wave but selling it because I wanted to invest into SOL.
To be honest that wasn't a bad decision and I made some great profits there as well. This doesn't mean that it was a huge risk neither, Wave made so much profit that, if I picked another coin that wasn't as good or as profitable as SOL then I would have lost out on such a huge profit. In the end I managed to make some of it back and I am happy but Wave is definitely not a coin to be underestimated for sure.