Bitcoin price was at 60k
and pepe currency at 0.00000451
Bitcoin price rose to 65k
The price of pepe rose to 0.00000590
To calculate the ratio of Pepe to Bitcoin, the following formula can be used
1Calculate the difference in prices:
- For Bitcoin: 65,000 - 60,000 = $5,000
- For Pepe: 0.00000590 - 0.00000451 = 0.00000139
2. Calculate the percentage of height
For Bitcoin
left( \frac{5000}{60000} \right) \times 100 % 8.3
- For Pepe coin:
\left( \frac{0.00000139}{0.00000451} \right) \t
So, Bitcoin price increased by 8.33% and Pepe coin price increased by 30.82% compared to previous Bitcoin price.
To calculate the price of Pepe coin in relation to the price of Bitcoin if it reaches ($100,000), we can use the percentage increase that we calculated previously.
1. **Calculating the price difference for Bitcoin
- 100,000 - 60,000 = $40,000
2. **Calculate the price difference for the Pepe currency
- Based on the percentage we calculated earlier, we will need to calculate the relative increase of Pepe relative to the new Bitcoin price:
{Pepe's price percentage increase} = \text{Pepe's price percentage increase} \times \text{Bitcoin's new price}
Add the relative increase to Pepe's previous price
\text{Pepe's price percentage increase} = 30.82\% \times 100,000 = 30,820 \text dollars
And therefore:
\{New Pepe Price} = 0.00000451 + 0.00030820 = 0.00031271
So, if the price of Bitcoin rises to $100k, the price of Pepe is expected to be around 0.00031271 for previous data.
#Binance
