The FANG stocks broke into new record highs during early 2017, leading to a multi-month bull trend due to the on-going momentum. Even though, we’re technically in a bear market now for cryptocurrency, crypto has still been outperforming FANG stocks since 2017.
Don’t just listen to me, let’s look at the data.
At the start of 2017, AAPL (Apple) was trading for approximately $115. After rallying throughout 2017, APPL continued to set record highs during 2018 before going parabolic in the third quarter following a breakout above $1 trillion in market cap.
At October, Apple surged up to its highest running in at $230 per share. Apple has retraced 30% back to currently trade for the $165 range, which resulted in a 43% gain since the beginning of 2017.
Ok, we all love Netflix and I have to admit that they have excellent content, but we’re talking about the prices here. Netflix has been the strongest performing of the FANG stocks since January 2017. NFLX began 2017 trading at nearly $125 before producing 18 months of a bull run.
They reached highs at around $420 during July, and as of now it retraced back to the $270 range, but despite the retrace, the company is still up over 100% in the last 24 months. Pretty impressive.
Of the FANG stocks, Facebook has seen the greatest price volatility in price over the past two years. Trading for approximately $115 at the start of January 2017, FB saw 12 months of a solid bull run before retracing backwards, but this was due to some bad news on privacy leaks and more.
The third quarters of 2018 Facebook managed to rally up, before suffering a violent 40% crash to establish lows at $125. Overall it’s still a gain of over 25% since the start of 2017.
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 a strong bull run, before hitting $1,255 during August.
GOOG still has a strong 35% overall gain since early 2017, therefore not a bad investment for the long term.
Let’s look at crypto
Crypto is a whole different beast. BTC has gained nearly 253% since January 2017, gaining from nearly $965 to currently trade for $3,508.
ETH has gained over 1,000% in nearly 24 months, rising from $8 to $94.5 at the time of writing.
Looking at XRP, 4,350% from roughly $0.0065 to 0.29 today, despite posting a YTD loss of 87%.
Litecoin (LTC) on the other hand gained over 500% since the start of 2017.
Yes, it’s true a lot of these price jumps is due to the whole crypto craze caused by momentum and ICOs, but this shows that crypto is still one of the best-performing assets in terms of investments in the last few years.
People tend to panic and go crazy when prices dip for crypto, but let’s not get distracted and look at things from the bigger picture.