Is there a formula or method to determine the total return of a specific cryptocurrency?

3 answers

• Nov 27, 2021 · 3 years ago
  Yes, there is a formula to calculate the total return of a specific cryptocurrency. The formula is: (Current Price - Initial Price) / Initial Price * 100. This will give you the percentage return on your investment. For example, if you bought a cryptocurrency at $100 and the current price is $150, the total return would be (150 - 100) / 100 * 100 = 50%.
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• Nov 27, 2021 · 3 years ago
  Calculating the total return of a specific cryptocurrency is essential for evaluating the performance of your investment. Apart from the formula mentioned earlier, you can also consider including any dividends or interest earned from staking or lending your cryptocurrency. Additionally, it's important to factor in any transaction fees or taxes that may have been incurred during the investment period. By taking all these factors into account, you can get a more accurate picture of your total return.
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• Nov 27, 2021 · 3 years ago
  At BYDFi, we understand the importance of calculating the total return of your cryptocurrency investment. Our platform provides a comprehensive portfolio tracker that automatically calculates your total return based on your investment history. You can easily view your profit or loss, as well as track the performance of individual cryptocurrencies. With our user-friendly interface and advanced analytics, you can make informed investment decisions and optimize your returns. Sign up for a free account on BYDFi and start tracking your cryptocurrency portfolio today!
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