A lot of ICO are now starting on waves instead of ethereum, it will support the price but there is still a long way to go to catch up to ethereum in terms of market cap.
Reading about Eth hacks in the media is creating a negative perception of the Eth platform. Even if the hacks have nothing to do with Eth itself it is the perception that counts. On the other hand many of the tokens created on Waves are fake scams which in turn creates a negative perception of Waves. At least the Waves verification process is there and the devs have removed the names of non verified tokens it seems. You will have to search by name to find a non-verified token now and also know its address. If a dev launches on Waves and do not verify the token it is an instant red flag.