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