how the value of cryptocurrency is determined Top Knowledge

If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?F&=(1 + 0.01)^{240}\\F&=(1 + 0.01)^{240}\\

We can use the formula for calculating the final value of compound interest to calculate the final increase under this continuous growth situation. The following are the specific steps:This means that after 240 trading days, the overall increase multiple is about 115.8887 times, which is converted into the form of increase percentage, and the increase is (115.8887-1)×100\% = 11488.87\%.If it rises by 1% or 2% every day, how much will it increase in 240 trading days a year?

F&=(1 + 0.01)^{240}\\\end{align*}Therefore, according to the daily increase of 1\%, the increase is about 989.26\% after 240 trading days.