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