Deflationary coins/tokens, the scarcity ideas.

[Bobcrypto]

Guys, many of us in recent times have come across few project with deflation plans and certain percentages of transactions "burn" project ideas.

Now, the aim of this deflationary tokens is to create scarcity and make prices very high with the launch of very limited total supply. Some of these projects has total supply of coins/tokens renging from 2million$ to to $500000.
I have participated in very few of these projects, and in my personal opinion, i think that scarcity will only be driven by high prices if the demand is also very high, and consequently if there are very high numbers of people willing to trade or to invest in these projects. In this regard, the burning rates of this tokens on every certain percentage of the coins transactions, and with a few community members doing business with these projects will not make prices to rise. What do you think?

[ZionRTZ]

The idea of less supply = higher price does no longer applies to cryptocurrencies in my opinion, just take a look at the like of xrp and doge for example. The scarcity thing is also being abused by a lot of projects to create hype and most of these deflationary tokens does not really have a use case.