How does Index ERC20 Profit Calculator Works?
This Index ERC20 Profit Calculator uses a simple mathematical principal to calculate the ROI of Index ERC20. It fetches the historical Index ERC20 price from the database and compares with current Index ERC20 Price and calculate the profit or loss made on it.
It does this simple calculation get the amount Index ERC20 you would have got by investing x$'s on that day ($x/price of Index ERC20). Now it calculates the current price of that amount in USD (current Index ERC20 price * amount of Index ERC20 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_ERC20_price = Price of ERC20 in past date;
$quantity_ERC20 = Quantity of ERC20 in past = $amount invested / $price_on_that_day;
$price_ERC20 = Current price of ERC20;
$USD_today = ($price_ERC20 * $quantity_ERC20) - $invested_USD;
$ROI = ($USD_today/$invested_USD)*100;
And if you want to check future price of Index ERC20 you can check it here: Index ERC20 Price Prediction. This predictions are based on various algorithms applied on the historical price of the Index ERC20.
If you have any query regarding the above calculator you can comment it in comment box below.