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