I have noticed that burning tokens is becoming increasingly popular among altcoins. While I agree that it can have a positive impact on price in the short term, it is not a sustainable solution since these coins do not have a limited supply like Bitcoin. It seems that the intention behind token burns is to manipulate coin prices. However, this approach is not viable in the long run. Thank you for providing an insightful article.
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What is the reason for the burn is the question? And what else is taking place other than a burn?
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Did I understand your article wrong? I know that coin like Ethereum destroys or burns their coins at a certain point.