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