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.
Indeed, but at least the burn will make the supply reduced. The price of the coin can rising if either the demands are huge, or the supply is reduced.
Some whales often to use the bull trap when event burn indeed, but we shouldn't fall into their hand. Always search the project before we buy the coin, not buying because the coin is burned.