A lot of people seem to be convinced that deflating currencies by burning tokens must and will automatically make said crypto project more relevant or valuable, but I think the idea that deflating a token automatically makes it more valuable is faulty.

The idea that just because this works for BTC then it must work with other tokens and coins is also equally faulty.

For example, I keep reading about SHIB token burning. There's even a website to keep track of that.

But the thing is, you can burn the hell out of SHIB, but there's no proof this directly correlates to a higher price.

There are several coins whose supply is virtually unlimited, and yet they're valuable. For example DOGE is more valuable than SHIB, by a fair margin, even though its supply is unlimited.

By contrast, there are others that are deflationary, and still worth s**t.

SHIB will either go up or go down, and yes, if it goes up, burning tokens certainly can't hurt.

But to think that SHIB should go up just because tokens are being burnt is sort of a recipe for disappointment.