Post
Topic
Board Speculation (Altcoins)
Re: BOOM - First Self-Burning Cryptocurrency Based on Smart Contract
by
Kellygucci
on 31/08/2021, 15:51:48 UTC
The concept of boom is clear i.e. burn token with each transaction and reduce supply this way. Soon there will be reduction in circulating supply of coins and chances are price will go up. I think they can better do this project if they do add some use case with it.
In general it's very good, but if the fans for Boom don't increase, then the burning will have no effect at all, so the addition of these fans also needs to be thoroughly analyzed because if there are more fans, the volume will also increase.

If you see price chart of BOOM for last six months, its clear that BOOM is no more a sleeping coin but an active coin. Its price is gradually increasing. Its still good to buy BOOM in my opinion, since the price is very low and chances of this coin going up are very active.