Reduced supply always leads to more price increases, that's the main idea of Burning tokens. Also, most projects have a different form of token burning, wherein the purchase of their product leads to token burning, in the long run reducing the supply, in the case of others, the team will set a time to buy back and burn their tokens. However, my humble opinion is, the team should put more effort into adding value to their product so, token burning will lead to more price hikes.
[/quote]

Cant agree more. Token burning alone cant take deflationary tokens to moon. There must be something affiliated with these deflationary tokens that will attract interest of the crypto community. If there isnt any community behind the deflationary token then who will buy and sell, supply will remain unchanged.