Topic: What is “coin burn” and how does it impact cryptocurrency rates? (Read 149 times)
That’s a very informative post. I totally agree that it is easy to make money if you concentrate on coin burn. This was a very helpful post.
coin burn is typically done in making new tokens and coins and some other time,destroying any tokens or coins in every ICO's end or token sales end.It will put an impact in any crytocurrencies rate because miners and hdolers recieved bitcoins in ang manner.
Fine, sometime because of coinburn it affect the crypto market based on this price can be fluctuate but what I learned that not every coin effect on market price only few coins does based on this also its based on electricity because this do only coin miners .
Very important topic for the investors. As far as i know coin burns don’t direct effect on the coin price. But it is a important issue of this market.
1. Basically, coin burn is a nullification of some part of overall tokens. Logically, tokens should become more valuable with the reduction of their total amount.
2. In recent times about dozen large projects – including VOISE, TRX and PRL - have burnt their tokens. And we should notice, that the results are impressive! For example, the price of VOISE skyrocketed by 118,6% right after the reports about the burn. Tron demonstrated the growth by 60%, and the price PRL has increased by 34,4%.
3. In most cases, there is about 90% possibility, that the price of the token would raise after the coin burn process. But usually such a drastic surge doesn’t form any new trend, and after reaching the peak the rate gradually goes down. So, if you didn’t manage to enter the position before the growth – better don’t enter it at all.
4. If you follow the news from crypto market and your own fundamental research, always pay attention to the announcements about the coin burn, as it’s quite an easy way to make money with short-term trading.
2. In recent times about dozen large projects – including VOISE, TRX and PRL - have burnt their tokens. And we should notice, that the results are impressive! For example, the price of VOISE skyrocketed by 118,6% right after the reports about the burn. Tron demonstrated the growth by 60%, and the price PRL has increased by 34,4%.
3. In most cases, there is about 90% possibility, that the price of the token would raise after the coin burn process. But usually such a drastic surge doesn’t form any new trend, and after reaching the peak the rate gradually goes down. So, if you didn’t manage to enter the position before the growth – better don’t enter it at all.
4. If you follow the news from crypto market and your own fundamental research, always pay attention to the announcements about the coin burn, as it’s quite an easy way to make money with short-term trading.
Interesting post. Can you explain in more detail why exactly coin burns happen and what makes the price skyorcket?
yes, i agree with you,,
and personally i believe if coin burn will always make the price explode, because the coin already decreased the total circulating supply in the market and this will create new demand
and personally i believe if coin burn will always make the price explode, because the coin already decreased the total circulating supply in the market and this will create new demand
Coin burn actually a protocol used by various altcoins. It is done to reduce the current available supply and a specific portion of coins is sent to a wallet with no access. Its just method of increasing the growth of the coin.
coin burn is a coin of ICO that is not sold and the coin is obliterated, and the effect of coin burn is the possibility that the coin price increases as the coin amount is small and limited.
This "burning coins" refers to tokens from projects that have just completed an ICO and in order to reinforce the price of their token, they burn all unsold tokens. In most cases, only good projects do this!
Yes some times happen this coin burn effect impact on cryptocurrency rates thank for new topic post on this forum
I think mostly coin burn does not directly effect the prices if it is done to just get rid of the extra or unsold tokens during the ico, but if the tokens are purchased from exchanges by the project team and then burned then it does effect the prices positively reducing the supply.
Thanks for posting for coin burn topic, really i don't about this impact on coins, now on words i know about impact cryptocurrency rates for coin burn
1. Basically, coin burn is a nullification of some part of overall tokens. Logically, tokens should become more valuable with the reduction of their total amount.
2. In recent times about dozen large projects – including VOISE, TRX and PRL - have burnt their tokens. And we should notice, that the results are impressive! For example, the price of VOISE skyrocketed by 118,6% right after the reports about the burn. Tron demonstrated the growth by 60%, and the price PRL has increased by 34,4%.
3. In most cases, there is about 90% possibility, that the price of the token would raise after the coin burn process. But usually such a drastic surge doesn’t form any new trend, and after reaching the peak the rate gradually goes down. So, if you didn’t manage to enter the position before the growth – better don’t enter it at all.
4. If you follow the news from crypto market and your own fundamental research, always pay attention to the announcements about the coin burn, as it’s quite an easy way to make money with short-term trading.
2. In recent times about dozen large projects – including VOISE, TRX and PRL - have burnt their tokens. And we should notice, that the results are impressive! For example, the price of VOISE skyrocketed by 118,6% right after the reports about the burn. Tron demonstrated the growth by 60%, and the price PRL has increased by 34,4%.
3. In most cases, there is about 90% possibility, that the price of the token would raise after the coin burn process. But usually such a drastic surge doesn’t form any new trend, and after reaching the peak the rate gradually goes down. So, if you didn’t manage to enter the position before the growth – better don’t enter it at all.
4. If you follow the news from crypto market and your own fundamental research, always pay attention to the announcements about the coin burn, as it’s quite an easy way to make money with short-term trading.
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