stellar burn its 55 billion tokens from total supply

[chunnu39]

stellar devlopment announce officially said that they  burn over 55 billion of stellar token from its total supply. now after burn the total supply of stellar is 50 billion and now current price is $0.072445. what you think guys any spike up in stellar token in upcoming months due to this burn.

[rosezionjohn]

This news is almost two weeks old and it has been discussed here a few times already. Next time you decide to open a thread, make sure you check first if a topic has been created already.

You better lock this topic and read the comments on this thread instead https://bitcointalk.org/index.php?topic=5198982.0 or https://bitcointalk.org/index.php?topic=5198851.0

[chunnu39]

i am sorry i will keep in mind next time please bear my this mistake next time will aware this and check the previous topic trhen start new thread

[Febo]

stellar devlopment announce officially said that they  burn over 55 billion of stellar token from its total supply. now after burn the total supply of stellar is 50 billion and now current price is $0.072445. what you think guys any spike up in stellar token in upcoming months due to this burn.

None. Price went from 750 sat to 900 sat. It happened already. There will be no influence in future.
There is still huge supply to be given/sold away

[iamaruf]

Hey this news is old.though crypto market is not good so there is low chance to moon XLM now.

None. Price went from 750 sat to 900 sat. It happened already. There will be no influence in future.
There is still huge supply to be given/sold away

If you see the last 7days data there is not Enough up.  Price is Between 0.085-0.072$. 

[Furious 7]

Hey this news is old.though crypto market is not good so there is low chance to moon XLM now.

None. Price went from 750 sat to 900 sat. It happened already. There will be no influence in future.
There is still huge supply to be given/sold away

If you see the last 7days data there is not Enough up.  Price is Between 0.085-0.072$. 

The highest price over the past week is $ 0.08 so it is true that during the burning of XLM it does not show a better price, for the future I also still don't believe it.