Token burning is done with the aim of reducing the total number of a particular token being in circulation to a eater address and it was being done in other to help enables the token reduced in circulation and with the intent of increasing its demand, so that it value may rise, but at the end, its not an effective means of achieving the rise in value of a token, it has a lot to do with the developers and those investing in the token before anything could be done.
Yeah. 2 key words there (investors and devs). Investors are driven by utility created by innovative devs who strive to evolve the cosystem to meet the contemporary demands of users. Ethereum on one hand has done immensely by introducing blob on the mainnet, flexibility in tokens used for fee payments and defragmenting liquidity. For BGB, its ecosystem has evolved by adding more utility to the ecosystem through launchx, launchpool and the candybomb.