Is token burn enough for consistent bullish Price action?

[Visionaries12]

Over the last few years, I've studied CEX tokens and how much they've grown and how they manage to keep the tokens healthy.

During Q1, most CEXs burn most of their token to help reduce the supply of the tokens. BNB has burned 1.5M of BNB, which is their 31st quarterly burn, and after studying the PA of the token, I've seen how it helps the token. Years back, the price of BNB was $12.. Burn, everyone ignored it.. Now trading at $585. BGB has burned 30M in Q1, which has also reduced the supply of the token. With the movement it made last year, it's worth it. Currently price of the token is $4.3, so this could be a good chance to invest.

Do you think burning of tokens keeps the token healthy for investors?

[CryptFurt]

Yes of course, token burns has always been a strategy that have a significant effect on the value of these tokens especially if its an exchange native token. Because, obviously BGB token burn will result in reduction of total supply which means scarcity, resulting in more profits for longterm investors.

I’ve also been keeping tabs on the performance of both tokens, i’d say BGB is best for investments now, considering it delivering more value and utility. We just have to keep watching it’s steady growth as BNB was once at this level.