How does Cardano Profit Calculator Works?
This Cardano Profit Calculator uses a simple mathematical principal to calculate the ROI of Cardano. It fetches the historical Cardano price from the database and compares with current Cardano Price and calculate the profit or loss made on it.
It does this simple calculation get the amount Cardano you would have got by investing x$'s on that day ($x/price of Cardano). Now it calculates the current price of that amount in USD (current Cardano price * amount of Cardano purchased in past). Now the return on investment (ROI) is calculated by dividing amount in USD today by amount invested and multiplying it by 100.
Mathmetical logic behind the same:
$invested_USD = USD invested in past date;
$historical_ADA_price = Price of ADA in past date;
$quantity_ADA = Quantity of ADA in past = $amount invested / $price_on_that_day;
$price_ADA = Current price of ADA;
$USD_today = ($price_ADA * $quantity_ADA) - $invested_USD;
$ROI = ($USD_today/$invested_USD)*100;
And if you want to check future price of Cardano you can check it here: Cardano Price Prediction. This predictions are based on various algorithms applied on the historical price of the Cardano.
If you have any query regarding the above calculator you can comment it in comment box below.