Post
Topic
Board Altcoin Discussion
Re: Why is burning coins good
by
mbakruroh
on 04/11/2021, 20:51:34 UTC
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Many aspects affect the value of crypto, one of which is the burn system. Staking, and trading competition also makes the coin price increase. Staking can reduce the circulation of crypto on the exchange, and trading competition makes people vying to buy in hopes of getting bonuses from their trading results. Apart from that, certain information can also increase or decrease the price of crypto. Suppose Elon Musk will invest in Bitcoin as much as $1 million. This kind of information can increase the price of Bitcoin. Likewise, negative information circulating in the community can also make crypto prices drop.