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