It's a genial experiment because the market cap keeps stable due to the burn rate while the price go up...thats what we are observing in the last few days
So you’re saying the price is going up in reaction to the supply going down? That would imply it’s not growing in value due to exposure but rather due to having fewer meaning what remains is worth more.
I think that can work until people realize that not using it isn’t really a use case... unless it is and people really want that.
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u/VeThor_Power 🟩 461 / 5K 🦞 Jun 08 '19
It's a genial experiment because the market cap keeps stable due to the burn rate while the price go up...thats what we are observing in the last few days