When u hear/read a coin have a burning plan in their roadmap - is it a always buy in before and sell when it happen? ( Excluded shitcoins).
A deflationary plan is a good initiative for any project to undertake but it doesn't always work. Less supply don't always mean "moon mission". First, you've to consider some facts before delving in. Some of these facts includes:
- Making sure they have an active team
- Active community support for project and it's ecosystem
- Low inflation or token emission rate
- Token supply (including initial and total supply)
personally i am believe burnign token was not only as single strategy to make token price soar, there are another ways to make. How could a token have expensive value without building something that very usefull in ecosystem. Token supply , burning token only used to attract but its not effective, investors need demand that created from utility. Just like binance, demand always occur because it have strong utility so their plan burning coin will always work.