CovenCoin Profit Calculator or you can say CovenCoin ROI Calculator is a simple tool to calculate how much profit you would have made if you had invested in CovenCoin (COV*) in past. This helps you measure the return on investment (ROI) of CovenCoin (COV*) .
If you are looking for mining calc check it here: CovenCoin Mining Calculator
This CovenCoin Profit Calculator uses a simple mathematical principal to calculate the ROI of CovenCoin. It fetches the historical CovenCoin price from the database and compares with current CovenCoin Price and calculate the profit or loss made on it.
It does this simple calculation get the amount CovenCoin you would have got by investing x$'s on that day ($x/price of CovenCoin). Now it calculates the current price of that amount in USD (current CovenCoin price * amount of CovenCoin 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_COV*_price = Price of COV* in past date;
$quantity_COV* = Quantity of COV* in past = $amount invested / $price_on_that_day;
$price_COV* = Current price of COV*;
$USD_today = ($price_COV* * $quantity_COV*) - $invested_USD;
$ROI = ($USD_today/$invested_USD)*100;
And if you want to check future price of CovenCoin you can check it here: CovenCoin Price Prediction. This predictions are based on various algorithms applied on the historical price of the CovenCoin.
If you have any query regarding the above calculator you can comment it in comment box below.
