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