Everyone will answer about the price and it is not wrong, several cases show that every coin burned by the developer, will lead to an increase in price. A concrete example of a coin burning policy is BNB, where the price of BNB is rising slowly and many people are starting to speculate that BNB is the next ETH.
Coinburn is an activity of sending coins to a wallet whose private key is not owned by anyone. That way, the coins will become unusable and become trash. Aim to reduce the total supply and keep the number of coins circulating in the public under control.
When the demand for the coin is constant or tends to go up, the increase in price is inevitable.
Well, of course everyone will answer that because when the supply of the coin has been reduced, then the price of the coin will naturally increase. BNB is the most popular coin with burn, although there are other coins which has burn mechanism to reward the holders.
To increase the price of the coin, there are 2 ways : Increase the demands, or reduce the supply which means burn.