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