I never knew this coin til now. It goes below my borderline of choice which is at minimum of top 20, but it shouldn't be bad to check it out for a bit.
I am kinda having mixed feelings in dropping my coins into this. Seems like that it is capable of making custom tokens, and it was being used to make ICOs.
ICOs are pretty much goner almost or it is completely gone now, but I don't think that would be a reason to stop me from investing in Waves. I'll keep an eye of its price though.
Don't focus on top market cap but on utility and possibilities the coin offers. Market cap is misleading, especially for coins forkd from Bitcoin, that usually have no real use, no adoption, and all their value comes from their connection to the original Bitcoin. SV is a great example of such pointless coin that nobody uses for anything.
Another great example is XRP which is a top crypto but its value comes only from empty promises that if Bitcoin fails XRP will ofer something completely different and maybe that will take on.
Waves is not a bad coin and has an active team. Definitely a better choice than putting your money in BSV, BTG or any other B-something.