reducing the supply by doing a burning action is good enough to increase the demands
but seems there is no significant impact on price in this burning action my friend, i hope the dev team always active to develop this token
anyway good luck for you with BOOM
regards
Demand will increase if the Token is legit and has a true products ,But like those shit projects now?burning tokens are only a strategy to attract investors but the truth?there will be no increase in price because they will run eventually.
Deflationary tokens are a good choice for daily and short term traders. So far I got good returns from deflationary tokens. BOOM is in my portfolio for quite some time, I am waiting for it to go further up. Wish me luck.
Yeah for those who only wanted to make a Pump and Dump in prices,those traders that taking chances to be a 1 day millionaire ,But in the end?most of their trials comes to failure lol.
Stop believing in this kind of projects because this is just another scam attempt to fool people inside crypto.