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