Post
Topic
Board Altcoin Discussion
Re: What is coin or token burning?
by
anu1908
on 26/04/2021, 08:57:23 UTC
As a result, the supply of that coin will decrease and the price of the coin will increase.
the decrease of supply is guaranteed, but price doesn't necessarily will rise. if the token is garbage, market won't care about it that much. if the demand stays the same or improve, that might help. but if not, it's just a hopium/copium for bag holders. don't fall for trick like that.