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