Bitcoin Forum

i have seen oyster perl today coins burn there. so i need to know is it increase the price of the coin?

please explain

The simplest answer would be this way:
 If the market cap is 1 mil, and there are 1 mil coins, that means each coin is worth $1. If you burn 33% of the coins, you then have 666,666~ coins worth $1 mil. Each coin is now worth $1.50~

Well essentially yes- coins that get burned lower the available supply. This in turn should life the price of such coin. Take funfair.io for example. They bunneed a few BILLION coins to decrease the supply. This in turn raised the price. It's less diluted then

burn means, the dev reduced the supply from the tokens or coins
so, this will be good for the price, because less supply will make a good demands in the markets
regard

With less on its total supply and it doesn't give any impact to the circulating supply. That's a different thing. I think that the real thing that affects the price was the token that hold by the developer will be less. And then that makes another FOMO to buy more and more coin as much as they can.

It is a mechanism used by coin developers to give a diminishing supply. So if the demand stays the same in theory the value should increase. However, in practice I seen it have very little actual effect on the coin price. Usually, the price is more driven by hype and speculation rather than anything else.

Actually, I am not aware about this coin!!! Please anyone could explain in detail it would be helpful to me.

burn coin = erased some coin, so this coin will reduce the total supply. example: coin A with the total supply of 1.000.000 will burn 200.000 coins, so total supply after burn is 800.000 coin.

if the coins are good, many investors enter and mass adoption, it will affect the price of the coin where the total supply of the fewer plus the number of buyers will drive price increases.