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!
The lesser the supply the higher the price would be on a particular token and considering that SHIB does have that huge supply then it would really be just that normal that value would be lessen but in general sense it would really be just still that same because even if the supply is low the price is huge in terms of value or digit but it would really be just the same if we do speak about those huge ones.
Huge supply wont really be that an issue if a particular coin or token would really be having that actual utility on which means that demand would be there and investors would really be stashing up these
coins no matter how big the supply is. It is really just that this thing isnt only applicable on SHIB itself but in most coins in the market, burning mechanisms is something that would really be that
relevant on each project and does give out that kind of impression that they would really be pumping their price.