Do not see waves becoming the new Ethereum. Good project, and a big advantage, that the platform is actualy used by many ICOs, but still much less, than Ethereum. Also, other competitors are coming too.
Waves needs to perform first, there's a lot of project build under ER-20 tokens and it's ETH who made it possible.
I saw some projects using waves platform but they are not successful now, for now, waves is not successful as ETH although the price has dropped recently.