Leading crypto markets have dramatically outperformed the ‘FANG’ stocks since 2017, despite the prevalent bearish swing. ‘FANG’ is the acronym for four high-performing technology stocks in the market – Facebook, Amazon, Netflix, and Google.
Since the start of 2017, ‘FANG’ Stocks have stayed Between 25% and 115%. As with the cryptocurrency markets, the FANG stocks broke into new record highs during early 2017, leading to a multi-month bull trend driven by accelerated momentum.
However, the leading cryptocurrency markets have significantly outperformed the FANG stocks since the start of 2017. The current posting year-to-date losses between 75% and 90%.
Throughout 2017, Amazon.com (AMZN) looked as unbeatable as Mike Tyson during his heyday. The online retailer has grown despite the improved performance of some of its bigger rivals. Through the first three quarters of its fiscal 2017, Amazon raised sales from $64 billion last year to over $72 billion in 2017.
FB (Facebook) has seen the most price volatility in price in ‘FANG’ over the past two years. Trading for approximately $115 at the start of January 2017, FB saw 12 months of predominantly bullish action before producing a roughly 23% retracement from a then-record high of $195 down to $150 during the first quarter of 2018.
NFLX (Netflix) has performed the strongest of the FANG stocks since January 2017. NFLX began 2017 trading at nearly $125 before producing 18 months of sustained bullish action.
GOOG (Google) has been the least volatile of the FANG stocks in the last 24 months, beginning 2017 at roughly $772. GOOG then produced 19 months of mostly bullish price action, before double-topping at roughly $1,255 during July and August.
- The Crypto Performance
Top crypto markets gains were between 200% and 4,000% in the last 24 Months. At the start of 2017, the top five cryptocurrencies by market cap were BTC, ETH, XRP, LTC, and XMR.
BTC gained nearly 250% since January 2017, despite losing nearly 77% since the start of the year, gaining from nearly $965 to currently trade for $3,344.
ETH has gained over 1,000% in nearly 24 months, rising from $8 to $88.5, in spite of posting a loss of 88.5%.
XRP has produced the largest gains since the start of 2017, with prices increasing nearly 4,350% from roughly $0.0065 to 0.29 today, despite posting a YTD loss of 87%.
Although LTC has yielded a YTD loss of 90%, the now seventh-ranked cryptocurrency by market cap has still produced price gains of more than 500% since the start of 2017, gaining from $4.33 to $26.5 today.
XMR has slipped to rank 12th by market capitalization and produced a YTD loss of 88.5%, Monero has gained nearly 200% since January 2017, with prices rising from $13.8 to $40.4.