Just as scarcity can make a collectible more valuable, burning coins is a strategy used by crypto projects like $PEPE to reduce supply and potentially increase the value of remaining tokens.
The use of a burning mechanism by $PEPE is aimed at creating a deflationary effect on the token’s economy. By reducing the supply, the developers hope to counteract inflationary pressures and enhance the coin’s value over time. This could be appealing to investors as it suggests a proactive approach to increase the coin’s value and manage its supply efficiently.
I would view $PEPE ’s coin burning strategy as a positive sign. It indicates that the project’s management is actively seeking ways to support the coin’s market price and long-term viability. This could be a compelling reason for investors looking for tokens with mechanisms in place to support value appreciation.
I would say… Go for it
How high will it go ? Can’t say for sure. It would be lying. But surely will go up in price.
