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R_Sanchez
Mar 29, 2021 10:11 AM

Could go both ways Short

Description

Pundi X is on a Rise and the bull market is still alive. So i think it will go up.
But the token burn could lead to a sell off.
What do you think ?
Comments
barzanhosseinpor
No, I do not think that is the case, burning tokens increases the currency in the market.
R_Sanchez
@barzanhosseinpor, agree. Less tokens is more value in the token. Which means the /1000 burn would lead to a *1000 of value per token. At the current level that would be (0.0076xx) 7.6xxxx
omda72
it might increase in value make it more scarce, but it might go either direction by mass sell off.
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