To calculate the Return on Cryptocurrency (\(ROCY\)):
\[ ROCY = \frac{CP - PP}{CP} \times 100 \]
Where:
Return on Cryptocurrency (ROCY) is a measure of the profit or loss made on a cryptocurrency investment, expressed as a percentage. It is calculated by comparing the current price of the cryptocurrency to the price at which it was purchased. A positive ROCY indicates a profit, while a negative ROCY indicates a loss.
Let's assume the following values:
Using the formula:
\[ ROCY = \frac{50000 - 40000}{50000} \times 100 \approx 20\% \]
The Return on Cryptocurrency is approximately 20%.
Let's assume the following values:
Using the formula:
\[ ROCY = \frac{30000 - 35000}{30000} \times 100 \approx -16.67\% \]
The Return on Cryptocurrency is approximately -16.67%.