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