Quote from: Natalim on Today at 09:56:54 PM

Quote from: KiranKBS on July 30, 2023, 01:09:44 PM

Hi,
Some How this Burn Buzz word stuck in my mind and i didn't see practical results so far in any successful token.

For example, Shiba Inu is burning tokens aggressively and is it really helping them?

May be i am noob here and happy to hear from experts!

I believe this topic will be useful for someone too!

It works for some projects but not all that promise an increase in its price went perfectly, many are still low and have no changes. That is why we can't blame people for saying that is not an effective way for changing the view of a particular project because if that is a shitcoin/s, we couldn't really expect such thing as "pump" but what we probably see is that the project will stay low and worthless and investors remain don't have the courage to buy them.

It all lies on the potentiality of the project, not the total market supply. In fact, ETH can prove it.

well honestly when we are talking about ethereum its among the most effective ones in burning the total supply to keep their circulating supply from getting overflowed.
as a result, this coin has been going up ever since and the main factors that could make this coin having burn mechanism that really effective is also the fact that this coin have massive demands generated from its utility being the most used smart contract and the fact that the gas fee quite high meaning many would stack some ethereum for the sake of interacting with smart contract prominently the dapps.
ethereum is just different compared to other altcoins in this case, its just too good despite the fact that its quite expensive.