Burning coin. Impacts on Price

[TomPluz]

Burning coins or tokens is now considered to be the best strategy to increase the value of the assets. Though not all burning can result into a sharp increase of the price, it is generally considered to be good as the lesser the supply the better it can be for coin's standing in the marketplace. Of course, limiting supply is just one of the many good factors to determine asset's viability as we should also be looking at the overall platform. Now, because of this concept, I am sure that there are coins that intentionally make their supply high so there can be many windows of opportunity to burn as this can also be a very good marketing story.

[AGM]

I think burning coin it matters on price and it is the healthy procedure to reduce uninvested or dormouse token and coin .There are lots of coin in market which is not use in cryptocurrency and when lots of coin in market cap present there price simply down for that reason so it is true burning coin impact on price and it should be happened .

[piqulhdt28]

This is the best way to reduce the number of coins in circulation and a very positive thing to increase the price of these coins, because after the notification of a coin burn, investors will flock to buy lots of coins on the grounds that the price will go up after being burned. Meanwhile, what makes coins go up are investors who buy before the burning begins.

[Zezari]

I would not say that when burning tokens, the project starts to grow immediately, in most cases, if the project is not interested, it drops significantly. As they say, there are no investors and there is no growth, for the net now, most projects do this to increase the growth of the project.

[Evgenklm]

I believe that the burning should take place from those coins that are bought on the market or by acquiring the exchange as commissions during the exchange, but it is designed for a long-term strategy and depends on the demand for the coin.

[ranaprime]

We all know that when the supply of a coin is high, the authorities usually burn tokens to control it. Normally those projects are not healthy enough and have huge supply they try to develop the project by burning coin and reduce total supply.

[Dexzon]

There are many reasons the developer burns coins to reduce supply, it will be done according to the voting or roadmap promised by the developer, I like the developer to do that, because the more coins burned the price will go up, but the increase in coin price does not always happen after the coin is burned out of the total supply.
However, investors will buy more coins for them to hold as the number of coin supplies decreases

[Cadaver20]

Another reason for coin burning may be to attract investors. Because after burning coins, the price of most coins goes up. As a result, investors invest in those coins in the hope of making more profit. For example, after BNB coin burn, its price has gone up a lot and many investors have invested here.

[ashraf786100]

Where the number of coins or tokens will decrease. Some projects have set rules that will burn a certain number, meaning they will be transferred to a wallet that cannot be retrieved. Burning is usually associated with operating fees.

[trauchot]

Usually, when there is a burning of any number of tokens, the price of the same token immediately begins to rise in price after these news, but I also often saw various tokens that did not react at all after news of the burning of tokens, and even there were cases that the price of tokens at all began to fall for unknown reasons, therefore, burning of tokens does not always lead to a pump.

[Arkann]

Usually, when there is a burning of any number of tokens, the price of the same token immediately begins to rise in price after these news, but I also often saw various tokens that did not react at all after news of the burning of tokens, and even there were cases that the price of tokens at all began to fall for unknown reasons, therefore, burning of tokens does not always lead to a pump.

I hope that the burn will very effectively affect the pumping of Ethereum, since the team has repeatedly stated that the transaction fees will be reduced.

[Istiak]

Burning means reducing the token supply from the circulating supply. So after the token burns it obvious, the price will increase because the total market cap remains the same but the circulating supply is reduced. Too much coin in circulation can reduce the price over time so token burn is a effective way to keep the price stable.

[Honor20]

Maximum Burning type token price so strong up like everyone see last when Burning BNB token almost price to tha moon so Burning type token price great move

[Tepona]

Mined coins never burn tokens. In the cryptocurrency market, those who have long-term plans, that is, when different authorities want to put their currencies in a better position, spend on staking plans or promoting other sectors. Authorities make such decisions when the condition of the various tokens does not improve. However, I think such a decision is not undesirable for some projects. There are many reasonable reasons to burn tokens. So planning and attachment productivity, the future of more tokens will have to be planned with the future of coins. Then the right decision at the right time can take any coin to the pinnacle of improvement.

[Cleanerbd]

Coin burning is mainly done to reduce the supply of coins.  This coin burning largely depends on the project.  If the project thinks they need to reduce supplies, they can start burning coins.  Coins, however, are burned when the coin becomes excessive and the value remains low.  However, when the coin is burning, the supply of coins decreases and then the price of that coin is affected.