Quote from: coinmela on June 09, 2018, 02:54:58 PM

1. Basically, coin burn is a nullification of some part of overall tokens. Logically, tokens should become more valuable with the reduction of their total amount.

2. In recent times about dozen large projects including VOISE, TRX and PRL - have burnt their tokens. And we should notice, that the results are impressive! For example, the price of VOISE skyrocketed by 118,6% right after the reports about the burn. Tron demonstrated the growth by 60%, and the price PRL has increased by 34,4%.

3. In most cases, there is about 90% possibility, that the price of the token would raise after the coin burn process. But usually such a drastic surge doesnt form any new trend, and after reaching the peak the rate gradually goes down. So, if you didnt manage to enter the position before the growth better dont enter it at all.

4. If you follow the news from crypto market and your own fundamental research, always pay attention to the announcements about the coin burn, as its quite an easy way to make money with short-term trading.

Interesting post. Can you explain in more detail why exactly coin burns happen and what makes the price skyorcket?