Scott_PilgrimNov 28, 2021 · 3 years ago2 answersHow does the deflationary mechanism of a token affect its price in the digital currency space?
In the digital currency space, how does the deflationary mechanism of a token impact its price? What are the factors that contribute to the price movement of deflationary tokens? How does the scarcity created by the deflationary mechanism affect the supply and demand dynamics in the market? Can you explain the relationship between token burning and price appreciation? How do investors perceive deflationary tokens and how does it influence their buying behavior?
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