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.
Precisely. Waves is a smart contract platform, yet it's valued within the "double digits". If BSC, ETH, and Solana are over the hundreds of dollars (USD) in valuation, then why can't Waves do the same? I guess the project's team needs to ramp up marketing/promotion efforts in order to help increase mainstream awareness. It's all about hype these days, so any coin that's able to "add fuel to the hype" will certainly reach new All-time-highs in price. I'd "HODL" this coin for a very long time, as it could be a hidden gem that'll blossom sometime in the future. There are other underrated coins like Dapper Labs' "Flow", and DASH, but Waves seems to be the most underrated coin right now. As long as you pick the right coins, you'll have nothing to worry about. Just my thoughts

Waves one among the potential altcoin. This is an altcoin that is competing with ethereum in the beginning. With time there is no big progress. I remember the days when it was around $3. It has reached its ATH of $42 which is good, but considering similar blockchain platforms growth over years what it has achieved is very minimal. As said we can expect these projects to progress and holding is the right thing to be done by now.