--- So normally it is a good thing if a project has a burning mechanism included in his tokenomics as it is usually very benifitial for every long time holder of that coin.
In short, token burning aims to reduce the number of tokens circulating in the market. some are done at once, some are done periodically, such as BNB.
Either way, what is clear is that token burning is used to control prices at a high level, reduce inflation, and provide confidence and transparency to investors. back to economic principles, if supply is less than demand then prices will tend to rise.
There are so many benefits that can be obtained from burning cryptocurrency, which is most visible after burning occurs, then the price of
the coins increases. And that's only natural, because the number of supply decreases, and the increased demand is what makes the coin price
go up after burning. Therefore, investors will usually buy coins before burning occurs, because after burning the coins price will skyrocket immediately.
That's what happened to BNB, now the price is proven to continue to rise after the burning at BNB occurred.
