How can I calculate the percent gain of a specific cryptocurrency over a certain period?

1 answers

• Nov 24, 2021 · 3 years ago
  Calculating the percent gain of a specific cryptocurrency over a certain period is a common task for investors and traders. Here's a simple formula you can use: Percent Gain = ((Ending Price - Starting Price) / Starting Price) * 100 Let's say you want to calculate the percent gain of Bitcoin over the past month. You find that the starting price was $10,000 and the ending price was $12,000. Plugging these values into the formula, you get: Percent Gain = (($12,000 - $10,000) / $10,000) * 100 = 20% So, the percent gain of Bitcoin over the past month is 20%. Keep in mind that this calculation only takes into account the price change and does not consider other factors such as transaction fees or market conditions. Remember to always do your own research and consider multiple factors before making any investment decisions.
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