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