Burning coin. Impacts on Price

[gabbie2010]

BNB did some burning of their coins in circulation invariably reduced the total coins in supply consequently had a great impact on the price the developer (Binance exchange) want BNB to favourable compete with ethereum with the introduction of BSC a similar project to Ethereum ERC20 although the price of ETH had reached $4000+ compared to BNB at $600+ however BNB still the potential to pump in the nearest future.

[Callisto]

Burning part of the coins, is it the same selling coins? As I understand it, if the owners of the project want to burn part of the coins, they will simply sell this part of the coins to an unknown source, this mechanism does not always have a good effect on the coin, if only the price tag of the coin has grown to heights, then part of the coin can be burned, and if lower classes, I see no reason to do this.

[nicecrypto]

Burning part of the coins, is it the same selling coins? As I understand it, if the owners of the project want to burn part of the coins, they will simply sell this part of the coins to an unknown source, this mechanism does not always have a good effect on the coin, if only the price tag of the coin has grown to heights, then part of the coin can be burned, and if lower classes, I see no reason to do this.

I don't think that is coin burning. When crypto projects burn part of their coins, this means those set of coins will be destroyed and removed from circulation thereby reducing the total number of that coins in circulation which should impact the price positively however this has not been the immediate case for BNB but the coin has a good potential to grow because of BSC in general and what they provide to the crypto space now.

[ashraf786100]

These are just some of the goal-setting shareware that you can use. Some projects have given new rules in which a certain number of people have been burnt, which means that there is no solution in this pathway that cannot be understood. The tally of the is usually from the operating fees.