CHIP is a new coin going by the name of Dramatic Chipmunk, has garnered so much attention in the crypto trading space. CHIP currently costs $0.051474, which is a 26.91% increase over the course of 24 hours, which has attracted investors and anyone interested in cryptocurrency. The market capitalisation of this coin is at $620,088.32, making it sit in the #3850 spot on the list of the market capitalisation rankings.

The trading volume of CHIP has increased by a whopping 83.33 percent within the last 24 hours and stands at $73,511.66. This gives positive signal in the trading activity which means that the token gains increasing demand and volume. Another useful measure showing the intensity of trading operations in relation to cryptocurrency market capitalization has also risen by 11.86%.

The best illustration of the supply structure in CHIP can be discussed by looking at various concepts of chip supply. The holder reported circulating supply of the CHIP tokens is 420,690,000,000, which represents 100% of total supply. This means that there is no locked token base held by the developers, all the individual tokens of the project are available for circulation in the market at the same time there are no more tokens in planning to be released later. The maximum amount of CHIPs also which stands at 420.69 billion CHIP means that there will be no additional creation of coins.

Discussed fully diluted market cap of CHIP indicates the market cap if all the tokens are in circulation which is equal to the current market cap, as of the time of writing; $620,088.32. The parity that was observed between the current and fully diluted market cap is shows that CHIP has a clear and simple token economics system, which may be effective for investors hoping for a clear cut project.

CHIP’s short term price movement has been also worthy of attention lately. Any rally of 26.91% in one day is a big move in the cryptocurrency space as the market usually expresses rising interest by investors or a favourable event connected with the project. However, it is necessary to do proper research and know the reasons that cause this fluctuation of prices since Cryptocurrencies are quite risky in their markets.

As to the project that stands behind CHIP, based on the information provided, it seems to be slowly but surely approaching the crypto world. This steady rise of the trading volume brings an opinion that many more traders and investors are getting into notice of the token. There are many reasons which could be encompassed under technological improvements, new alliances or perhaps higher adoption rate of the token within the ecosystem.

Like with any stake on the future of cryptocurrencies, it is essential to remember that rosy scenarios are just part of the picture. The cryptocurrencies market is very unpredictable, and this causes a higher volatility and large daily price change. CHIP exhibited some good results in the more recent years, however, past performance is no predictor of future performance.

Anyone who is interested in the CHIP project should therefore watch out for the project’s progression, involvement, additional records or future events. Analyzing the fundamentals of the token implies knowledge of the fact that is behind it, for what purposes its application is possible, and who is behind the project.

Therefore, based on the analysis evidenced by the more recent volatility and high price spurt, CHIP provides positive forecasts. It also has a simplified supply chaining and has its tokens in full circulation, aspects that more and more investors find achievable. Thus, the main message, as through all other cryptocurrencies, it is highly recommended to enter the market with your eyes open, do not believe the hyped stories and invest only the amount of money you are willing to lose.

This remains true given that the cryptocurrency market is still volatile and subject to constant change, which when combined with CHIP’s performance to date next steps of its development and future profitability wholly depend on such factors as the state of the market and technological progress, development of the project, and adoption of its token or service.