Yes, token burning is a method that can prevent token inflation by limiting the supply.
We know that the more token supply the less the price because the availability of the token is still big.
But if the token supply is low, then the price will rising due the demand higher than the supply.
No, token burning is not a method of limiting the supply. Token burning is a process where they permanently remove the existing/circulating supply of a certain coin.
But it will not remove all the supply, just a certain number or percent of supply only and that's the reason why we can expect that the value will rise as the project is improving, its supply is decreasing, some sort of supply and demand game, when there is more demand and we have few supply, it will result to an increase of the price, but still it depends on how the project will perform in the long run.
But it is true that they undergo this process to lessen the supply and increase the price, however, this is not a successive method nowadays because even if they decrease the supply, they are having a problem of increasing their demand.
That's what the team has to work out, they need to improve and develop the project so the demand will increase and of course the value will rise.