How do you find the rate of return for different cryptocurrencies?

3 answers

• Dec 16, 2021 · 3 years ago
  Sure! One way to calculate the rate of return for different cryptocurrencies is by using the formula: (Ending Value - Beginning Value) / Beginning Value. This will give you the percentage increase or decrease in value over a specific period of time. You can also use online tools and platforms like CoinMarketCap or CoinGecko to track the historical prices of cryptocurrencies and calculate their rate of return. Just input the starting and ending dates, and these platforms will provide you with the necessary data.
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• Dec 16, 2021 · 3 years ago
  Finding the rate of return for different cryptocurrencies can be quite simple. You can use popular financial websites like Yahoo Finance or Google Finance to track the historical prices of cryptocurrencies. Once you have the price data, you can calculate the rate of return using the formula: (Ending Price - Starting Price) / Starting Price. This will give you the percentage increase or decrease in value. Remember to consider any transaction fees or other costs associated with trading cryptocurrencies when calculating the rate of return.
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• Dec 16, 2021 · 3 years ago
  When it comes to finding the rate of return for different cryptocurrencies, one platform that can be helpful is BYDFi. BYDFi provides comprehensive data on various digital currencies, including their historical prices and performance. You can easily calculate the rate of return by selecting the desired cryptocurrency and specifying the time period. BYDFi also offers additional features like portfolio tracking and real-time market data, making it a valuable tool for cryptocurrency investors.
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