--- So normally it is a good thing if a project has a burning mechanism included in his tokenomics as it is usually very benifitial for every long time holder of that coin.
In short, token burning aims to reduce the number of tokens circulating in the market. some are done at once, some are done periodically, such as BNB.
Either way, what is clear is that token burning is used to control prices at a high level, reduce inflation, and provide confidence and transparency to investors. back to economic principles, if supply is less than demand then prices will tend to rise.