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