Why is PussFi burning coins?

in PussFi 🐈23 days ago

Assalamu Alaikum


How are you? By Allah's grace, I'm doing very well. We have all been in the crypto market for quite some time now, but we are not experts in the crypto market, but we are aware of many basic things. The topic that I will discuss today is not so difficult that you have to be an expert to understand it, I will present it to you in a very simple way.

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See, the price of any thing depends on its demand, but if there is a lot of demand along with the demand, then it is cheap despite the demand. But if there is a demand for a thing and its quantity is very low, then the price is very high, which results in the thing getting the title of a brand. For example, the Rolex brand always makes the highest quality watches and they make that watch in very small quantities and over a long period of time. Due to which, first of all, the watch is very good and due to the low supply of the watch, its demand also increases and due to the increase in demand, its price is very high. Due to this, the Rolex brand is unique from other watches and the marketing strategy goes ahead of others, that is, it goes to another level for the customers. Due to which customers are ready to spend so much money on this watch without thinking much, but even then the company cannot meet their demand because their supply is very low and this is the marketing strategy. See, many people buy Rolex watches just so that they can make it their asset.

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In the same way, if the supply of a coin in the crypto market is very low, the price of that coin is very high. For example, Bitcoin, Ethereum, near, Solana, BNB, etc., people invest the most in coins because the supply of these coins is very low, as well as the coins are constantly being transacted and the coins have use cases. And the demand for bitcoin and Altcoin in the crypto market is so high because these coins are popular, have low supply and have use cases. And in the meme coin market, they are made just for fun and are not made as serious coins, but there are some that are more popular such as doge coin and some other meme coins. Although PussFi is a meme coin, it has a use case and the founder of PussFi coin is constantly burning this coin so that its price increases. Its price will increase due to the burning of PussFi coin, and its price will increase further because PussFi coin has a use case. PussFi coin currently has a market cap of $8.7 million, which is a very large number, I hope this number will increase further. As a result of PussFi coin burning, its demand is also gradually increasing, I hope I have been able to explain to you, always remember that the crypto market is a very risky place, before doing anything here, do your own analysis and take steps according to your own risk. Today's discussion concludes here. I hope you've found it interesting. Please share your thoughts on today's topic. Prayers for everyone. May everyone be well. Amen.


Thank You


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@adeljose

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