BOOM - First Self-Burning Cryptocurrency Based on Smart Contract

[Bezobraznike]

I think this token is doing ok on exchange. You can see stats of Boom on WorldCoinIndex. People will probably use these coins for short term investments only, whenever it makes profit it is a coin worth investing.

  As you say KenCryptos, for people who like to trade can use this coin for short-term investments, but people like I am are looking
for the long-term investments.
   When something is first it can draw attention, I like the headline and probably will check more about this project and to see
is there something for me, can it be good long-term investment or it is and will stay pump and dump coin.

[1715605194]

1715605194

[1715605194]

1715605194

[ddal3]

I think this token is doing ok on exchange. You can see stats of Boom on WorldCoinIndex. People will probably use these coins for short term investments only, whenever it makes profit it is a coin worth investing.

  As you say KenCryptos, for people who like to trade can use this coin for short-term investments, but people like I am are looking
for the long-term investments.
   When something is first it can draw attention, I like the headline and probably will check more about this project and to see
is there something for me, can it be good long-term investment or it is and will stay pump and dump coin.

Actually these posts have 2 points. First, BOOM is doing good on exchanges while second point is DYOR before investing in any coin.
BOOM is a good addition and its slowly but steadily sailing in the market which is clear indication that its not a pump and dump.

[mqpa73]

Deflationary Tokens are good for both long and short term investment. In short term you can exit after seeing your target price, while you will be real winner if you wait for few more years as price of Deflationary Token like MASS is still to reach its ATH. I am sure they will go up in days to come.

[ChpCms]

If you see BOOM its not making wild swings not its totally dead. That's a good sigh for a mature token i.e. attracting a decent volume per day. I think there is constant buying from few big whales and it can explode any time.

[ChinkoCharlie]

In coming days people interest will shift from BTC , ethereum to other cryptos. BOOM and other deflationary tokens are ready to grab that interest shift. Only wise investors can foresee this thing.

[GatotKaca]

if the progress of the coin is only able to survive and fall Burning is an alternative way to make coin rise without doing the Burning system, investors will just leave this usually happens on old coins, I saw Burning happen to BNB and a positive impact is seen BNB prices are pretty good from before

[ChinkoCharlie]

if the progress of the coin is only able to survive and fall Burning is an alternative way to make coin rise without doing the Burning system, investors will just leave this usually happens on old coins, I saw Burning happen to BNB and a positive impact is seen BNB prices are pretty good from before

Burning of coin will create deficiency and that deficiency will eventually result in rise in price of the token. Th only thing BOOM and other such token dev team need to do is pay attention on development of token. Future looks to me bright for such tokens.

[Oilacris]

if the progress of the coin is only able to survive and fall Burning is an alternative way to make coin rise without doing the Burning system, investors will just leave this usually happens on old coins, I saw Burning happen to BNB and a positive impact is seen BNB prices are pretty good from before

Burning will really give out that kind of possibility but not as severe as this where it do burns where transaction do happen? Supply would really be lessen up but do you really think that it would be preferred by the masses
specially for long term?

I do see this kind of concept to be exaggerated. Burning on an unnecessary manner which doesnt really signify from time to time about price increase because it will always vary on the community support on the end of the line.

So i dont see for such potential for this to be considered.

[andibongkol]

in my opinion burnning is very suitable to increase the price of a coin because the circulation of coins in the market will be a little  This method is very powerful and many projects do it because many investors prefer to invest in coins which has a low total supply

[Shasha80]

I like the idea of self-burning cryptocurrency which should be able to make the BOOM price even higher. But in fact
the BOOM volume is up to now very low, which means that not many investors are interested in investing in the BOOM token.
That's why I thought of don't buy BOOM for now, because it is very risky to invest in a project like BOOM. Although in
fact no one can be sure in the future of BOOM, there is a possibility that in the future the BOOM price can be pumped.
But there is nothing wrong with us being wiser in choosing tokens for investment. And it must be admitted that based on
the results of research and analysis, BOOM is not a profitable token.

[ChinkoCharlie]

I like the idea of self-burning cryptocurrency which should be able to make the BOOM price even higher. But in fact
the BOOM volume is up to now very low, which means that not many investors are interested in investing in the BOOM token.
That's why I thought of don't buy BOOM for now, because it is very risky to invest in a project like BOOM. Although in
fact no one can be sure in the future of BOOM, there is a possibility that in the future the BOOM price can be pumped.
But there is nothing wrong with us being wiser in choosing tokens for investment. And it must be admitted that based on
the results of research and analysis, BOOM is not a profitable token.

If you look at volume and price of BOOM its defiantly down but not NIL. https://coinmarketcap.com/currencies/boom/
If you think the project has the potential to go up then dont wait for price and volume to go up. You may buy it now at low price and sell when it goes up.

[SerbSerc]

in my opinion burnning is very suitable to increase the price of a coin because the circulation of coins in the market will be a little  This method is very powerful and many projects do it because many investors prefer to invest in coins which has a low total supply

We this happening with BTC halving, price always goes up after every halving. Same is the criteria in BOOM and other popular deflationary tokens. As long as you are controlling the supply, defiantly you can control the price.

[WinterCns]

If you browse the site of BOOM token you wont see much advertisement of any sort there message is very clear i.e. we have a token that is decreasing in quantity if you are interested please buy it. I really appreciate that they are very clear in there vision.

[SerbSerc]

We need to think out of the box to understand the concept of BOOM. Its something similar to what satoshi proposed in 2008 but in a different way. One thing is clear that BOOM and other deflationary tokens are here to stay and they have proved it over the years.

[ChinkoCharlie]

If you see price and daily volume of this coin then its clearly evident that BOOM is very much volatile and this volatility will help BOOM in getting huge price swings most probably in upward direction. All we need is buy BOOM and keep calm.

[XinZang]

So whenever we do a transfer there is a BOOM token burning and quantity goes down in number. Token burning is not huge in number but it will defiantly help in controlling the supply of tokens. Its safe to bet on BOOM but it will take time.

[fortebettor]

Smart contract is taking crypto to new levels day by. First we have BTC that has controlled inflation and now we have smart contract that is burning crypto with every transaction. Dont know how this will behave in days to come but I am impressed with this idea.

Do you really believe that?

[ddal3]

Smart contract is taking crypto to new levels day by. First we have BTC that has controlled inflation and now we have smart contract that is burning crypto with every transaction. Dont know how this will behave in days to come but I am impressed with this idea.

Do you really believe that?

Yes, I have done some research and thats why I am firm believe in deflationary tokens. May be I will be like the one who invested in btc in 2009-10. Lets just wait and see.

[Toobusy]

It is risk worth taking to invest in BOOM, since price of BTC and other top currencies have gone so high that we have to look for alternative and deflationary is getting attraction of more and more investors these days. As its evident from the market cap of BOOM and other deflationary tokens.

[whyrqa]

Smart contract is taking crypto to new levels day by. First we have BTC that has controlled inflation and now we have smart contract that is burning crypto with every transaction. Dont know how this will behave in days to come but I am impressed with this idea.

Do you really believe that?

I think we need to wait and see How the project develops, but actually I really like the idea of deflationary coins. It would be nice for states to accept a national cryptocurrency that is not subject to inflation and has a self-immolation function. A currency deficit would only raise the value of people's savings.