A critical pointer in cryptocurrency is the ability to calculate the return on investment (ROI), which empowers financial investors to evaluate the productivity of their holdings. Finding the percentage change in the initial investment over a given period of time is the most important phase in working out return on investment. To demonstrate how ROI in cryptocurrency functions, we should look at perhaps one or two scenarios. Scenario 1: Transient ROI Envision a trader who contributes $30,000 to get one Bitcoin (BTC) and sells it for $40,000 in the following six months. The formula for ROI is: (Selling Price –
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Bitcoin and a slew of digital assets have seen massive drops in value during the last few days, while the top two leading crypto assets bitcoin and ethereum have been battling for market supremacy. This week, bitcoin’s towering dominance over the crypto economy has dropped to a three-year low tapping 41.9%, while ethereum’s market cap […]