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