I'm not really interested in projects like this because when doing transactions they burn automatically so many investors prefer to keep their tokens until later the price can indeed increase, and the team that manages the project does plan like that if later the supply is limited and the price will increase, but this can not necessarily happen because everything needs a process, If indeed the price can increase by doing such burning then this project we can follow.
You are right, BOOM need to add some utility to there token right now they are used for nothing but just to buy and hold until the price goes high. The price is too low these days and it will take time before price will go high. Also remember they start with hue supply of tokens.
We saw huge price hike in bitcoin prices but nothing happened with BOOM and other deflationary tokens. It seems like its independent of Bicoin price change and that makes it very suspicious for investment. All alt coins prices are hugely dependent on bitcoin and if BOOM cant move with BTC then it cant move on its own.