Stellar burned half of it's supply and Price Spikes

[Ajaone]

I think it's a nice idea and to me it will make many investors to invest in the project. The team behind the project can still decide not to burn it and be distributing to the market periodically which will hurt their investment. They have really proven to be different from others.

[breathlessz]

This is good news about burning such a large amount of Stellar Lumens coins. This event gives hope for a large growth of the coin, especially since the Stellar rate has already grown by 20%. The coin is credible and popular with many crypto enthusiasts. In my wallet, such a coin is also there. Now is the right time to replenish the reserves of this coin.

With this combustion the price of Stellar did not rise too sharply, but I think it will take time to go to the moon, Stellar has a lot of interest from investors in a good developer by burning it to make Stellar more stable.

for the current situation, even though it was burned, the price did not rise significantly, I think it is reasonable, because the condition of the crypto world is still bearish. but at least I agree with your opinion, at least this step is taken to stabilize prices, and eventually it will certainly make the price soar when the market is normal

[Mammothcoin]

Stellar is really committed to their project's growth and rewarding the community.  Two months ago, they launched their Keybase airdrop which will be paid monthly to qualified entries. I am sure that as a leading cryptocurrency with a fast-growing userbase(more projects are developing on Stellar), more growth is sure to come.

[Obito]

The Stellar Foundation burned half of its digital token’s supply of around 55 billion XLM feed an approximate value of $ 4.7 billion were burned. On Monday, the foundation announced that they have done this for network growth. The announcement made during the stellar Meridian Conference by the CEO of stellar Foundation, Denelle Dixon.

I just now heard about this stellar stuff. But I really commend this intelligent of them. They maybe got a hard time making a decent price in the market. Anyway of this, isn't it this an abusive? However I am just wondering what might come after that. Although the demand is high due to low supply then after that what's next for them? Are they going to revert back to their original price?

[ned.ryerson]

This is good news about burning such a large amount of Stellar Lumens coins. This event gives hope for a large growth of the coin, especially since the Stellar rate has already grown by 20%. The coin is credible and popular with many crypto enthusiasts. In my wallet, such a coin is also there. Now is the right time to replenish the reserves of this coin.

With this combustion the price of Stellar did not rise too sharply, but I think it will take time to go to the moon, Stellar has a lot of interest from investors in a good developer by burning it to make Stellar more stable.

for the current situation, even though it was burned, the price did not rise significantly, I think it is reasonable, because the condition of the crypto world is still bearish. but at least I agree with your opinion, at least this step is taken to stabilize prices, and eventually it will certainly make the price soar when the market is normal

Do you tell that the price has not risen? look at the graphs. on the day of coin burning, we saw a 25 percent price increase. in this state of the market, this is a very sharp and big increase for a coin with such a capitalization

[clickerz]

I think it's a nice idea and to me it will make many investors to invest in the project. The team behind the project can still decide not to burn it and be distributed to the market periodically which will hurt their investment. They have really proven to be different from others.

True, but I think its a calculated move. Even though they burned half of the supply, still their billions left and circulating supply still low compared to the whole supply. It is a bold move from Stellar management but it is laudable and maybe they are also protecting their investor.

[Asgard124]

The Stellar Foundation burned half of its digital token’s supply of around 55 billion XLM feed an approximate value of $ 4.7 billion were burned. On Monday, the foundation announced that they have done this for network growth. The announcement made during the stellar Meridian Conference by the CEO of stellar Foundation, Denelle Dixon.

Source: TheCoinRepublic

This is amazing. The potentials of XLM has spoken for itself. Paving ways for investors as well.

[lighpulsar07]

That's a really good move coming from the xlm devs they are always thinking about their coin

[wxa7115]

Stellar is really committed to their project's growth and rewarding the community.  Two months ago, they launched their Keybase airdrop which will be paid monthly to qualified entries. I am sure that as a leading cryptocurrency with a fast-growing userbase(more projects are developing on Stellar), more growth is sure to come.

I do not like to be a negative person but many of the things some members see as positive developments seem like a bad sign to me, why a coin that is right now at the 10 spot in terms of market cap needs to do an airdrop? Why burn half of its supply? To me those movements seem like an attempt to correct something that was wrong from the beginning but there is no guarantee they did it.

Of all the coins on the top 10 the only coin that has a bigger circulating supply is XRP with 40 billion coins, stellar has 20 billions coins in circulation while a coin like bitcoin only has 18 million coins, they created too many coins and that mistake cannot ever be corrected.

[pixie85]

It's a great example of limited supply increasing value and a proof that another bitcoin halving will be followed by a pump.

That's a really good move coming from the xlm devs they are always thinking about their coin

They're focused on the money that's how these centralized coin devs think about their coins. They are just money making machines for them nothing else. The move was good I agree but it was supposed to increase the value of their holdings.

[tabas]

It spiked the price up for stellar but what's next? the dumping session has come.

It's a great example of limited supply increasing value and a proof that another bitcoin halving will be followed by a pump.

Bitcoin halving will be much better than stellar and other altcoins that just held their halving just like Litecoin. Base on the history, just take a look at the two halvings that was made by bitcoin.

[pixie85]

It spiked the price up for stellar but what's next? the dumping session has come.

It's a great example of limited supply increasing value and a proof that another bitcoin halving will be followed by a pump.

Bitcoin halving will be much better than stellar and other altcoins that just held their halving just like Litecoin. Base on the history, just take a look at the two halvings that was made by bitcoin.

I like the saying that past does not indicate future performance and you should never take the price for granted. We could easily see a big dump around the halving. Things like that happened before you can see it on the same charts you're using to show the pumps! Before the first and the second halving there was a lot of blood, but BTC recovered. I hope it will recover again.

[lolgato1]

I still hold some Lumens from the Coinbase airdrop, what do you think about the future of this coin? Do you think that team plans to exit scam or they are working hard on the project?
I am afraid that airdrop + coin burning is the last move from the team.

[tabas]

It spiked the price up for stellar but what's next? the dumping session has come.

It's a great example of limited supply increasing value and a proof that another bitcoin halving will be followed by a pump.

Bitcoin halving will be much better than stellar and other altcoins that just held their halving just like Litecoin. Base on the history, just take a look at the two halvings that was made by bitcoin.

I like the saying that past does not indicate future performance and you should never take the price for granted. We could easily see a big dump around the halving. Things like that happened before you can see it on the same charts you're using to show the pumps! Before the first and the second halving there was a lot of blood, but BTC recovered. I hope it will recover again.

Yes, I didn't mention the blood on the streets before and after the halving but overall effect of it was impressive and positive. I'm very optimistic about it but comparing this to stellar(XLM).
I'm not sure if it's going to be the same however, a huge amount was burnt so let's see what will be the implications of it in the long run.