How to use a coin valuation calculator in Excel

Hello, everyone! Today we're going to learn how to create a "coin valuation calculator" in Excel to help you invest in cryptocurrencies. In this article, you'll learn about "valuation", an important concept in coin investing, and how to create your own valuation calculator using simple Excel skills.

What is valuation?

First, let's talk about mvp, which is short for "average unit price" and refers to the average purchase price of coins held by an investor. Knowing the mvp is important for making investment decisions because it gives you an idea of what the current price of a coin is doing.

Calculate the average unit price using Excel

Now, let's take a look at how to calculate the valuation using Excel. Excel is a great tool for managing and analyzing a lot of data. Excel has a formula function that allows you to enter the purchase price and quantity of coins and it will automatically calculate the valuation.

Step 1: Enter your data

First, prepare an excel sheet, enter the "purchase date" in the first column, the "purchase price" in the second column, and the "purchase quantity" in the third column. You can enter the data in each cell.

Step 2: Calculate the average unit price

Next, select the cells where you want to calculate the average price, and use Excel's SUMPRODUCT function to calculate the average price. The SUMPRODUCT function multiplies each element in two arrays and then adds the results together. Multiply the 'Purchase Price' and 'Quantity Purchased' and divide by the total quantity purchased to calculate the unit price.

=SUMPRODUCT(Purchase price range, Purchase quantity range) / SUM(Purchase quantity range)

Once you've calculated the markdown, you can enter the data into Excel and it will automatically update the markdown every time you buy a new coin.

Finalize

In this article, we've learned about the "valuation" of coins and how to calculate it using Excel. Cryptocurrency investing is complex and volatile, so it's important to use data like valuation to help you stay organized.

I hope this article helps you with your investments, and I'll share more investing tips and tricks in the next installment. Good luck!

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