Waves:
All these things happened within a week. So don't be surprised about the price movements.What happened with Waves platform is easy. The smart contract functionality was released on the MainNet and they are even discussing with Maltese government. They partnered with Ledger and they released this marketplace named SIMDAQ on waves platform (more at: https://medium.com/waves-lab/launch-of-simdaq-a-powerful-marketplace-and-ecosystem-based-on-weves-token-6b9f9c45801b) ICOs started happening on the platform and they have almost as many transactions as ETC happening on chain while barley using it's full capacity which was 100 Tx/s the last time I checked.
STEEM:
This is a little complicated. Because we are a social media, a lot of the talk and hype remain within the platform itself. Most people don't get the word and many are not aware of the technological capabilities of DPoS.
On top of that we have a limited amount of exchange listings and we tend to get overshadowed by EOS. Then there are bloggers who simply cash out on their earnings. Other platforms tend to attract investors for the most part. But we have lots of non-investors who are simply making a few bucks.
The only way for STEEM to breakout is for the DAPPs themselves to break out. There is a lot being built on STEEM and Alexa rankings are improving over the months. So keep calm and HODL. Take a look at http://www.blocktivity.info and take a look at marketcaps STEEM could be worth $100 and it'd still be fraction of Ethereum's All time high.
Thank you my friend for your comment very detailed and professional, it will be great to have you in our Steem-bounty family, you will be always welcome....
Thanks for the compliments :-)