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