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