Trading Platform Forex Suggest to Launch Crypto Calculator for Cost Evaluation

blockchain.news:

Luxembourg-based crypto institution and trading platform Forex Suggest announced Wednesday the roll out of a cryptocurrency calculator for clients to evaluate trading costs on cryptocurrencies.

The crypto market has experienced serval waves of volatile headwinds this year, from Russia's invasion of Ukraine and Luna's collapse to a liquidity crisis among crypto lender platforms, all showing a choppy trading environment in the crypto market.

To have a better calculation and evaluation of the trading cost in the crypto space, Forex Suggest believes a crypto calculator would be a great tool for investors to study "how much the crypto you used for purchases could be worth if you held onto it" in terms of the recorded value of cryptocurrencies, according to the calculating platform.

According to a test by Blockchain.News as an example, if an investor bought 1 unit of Ethereum (ETH) on Apr 8, 2021, the calculator showed the value of ETH on that date was around $2000, losing around $400 compared to the current price. In addition, the table also showed the maximum value of the same amount of ETH at All-Time-High (ATH), which was trading at $4.9K on Nov 10, 2021.

The trading platform suggested the biggest increase in value over the past two years goes to Solana (SOL), increasing in value by over $25, a rise of almost 98%. In contrast, Dogecoin (DOGE) has seen the second biggest rise (95.4%), followed by Polygon (MATIC) in third place (95%).

Per the press release from Forex Suggest, the majority of the top-performing cryptocurrencies have increased in value in the past two years, with the average increase among the twenty best coins being 51.35%.

Meanwhile, Bitcoin, the leading cryptocurrency in terms of trading volume, has