Despite 2018 Bear Market, Top Crypto …
Despite the 2018 cryptocurrency bear trend renewing spirited predictions of bitcoin’s passing from mainstream financial analysts, the heading crypto markets have dramatically outperformed the ‘FANG’ (Facebook, Apple, Netflix, and Google) bonds since the start of 2017.
FANG Stocks Up Between 25% and 115% Since Start of 2017
As with the cryptocurrency markets, the FANG bonds pennyless into new record highs during early 2017, heading to a multi-month longhorn trend driven by accelerated momentum. However, in annoy of now posting year-to-date waste between 75% and 90%, the heading cryptocurrency markets have significantly outperformed the FANG bonds since the start of 2017.
At the start of 2017, AAPL (Apple) was trade for approximately $115. After rallying via 2017, APPL continued to set record highs during 2018 before going parabolic in the third entertain following a dermatitis above $1 trillion in marketplace cap.
Since substantiating an all-time high above $230 at the start of October, APPL has aggressively retraced roughly 30% back to now trade for approximately $165, ensuing in the batch carrying gained approximately 43% since Jan 2017.
Of the FANG stocks, FB (Facebook) has seen the biggest cost sensitivity in cost over the past two years. Trading for approximately $115 at the start of Jan 2017, FB saw 12 months of primarily bullish movement before producing a roughly 23% retracement from a then-record high of $195 down to $150 during the first entertain of 2018.
The second and third buliding of 2018 saw FB convene to post a record high of scarcely $220, before pang a aroused 40% pile-up to settle internal support at $125. As of this writing, FB is trade for $144, equating to a benefit of 25% since the start of 2017.
NFLX (Netflix) has been the strongest behaving of the FANG bonds since Jan 2017. NFLX began 2017 trade at scarcely $125 before producing 18 months of postulated bullish action.
Since producing a double-top at approximately $420 during Jun and July, NFLX has recently retraced by roughly 40%. As of this writing, NFLX is consolidating at the $265 support area, ensuing in a cost benefit of 115% in scarcely 24 months.
GOOG (Google) has been the slightest flighty of the FANG bonds in the last 24 months, commencement 2017 at roughly $772. GOOG then constructed 19 months of mostly bullish cost action, before double-topping at roughly $1,255 during Jul and August.
GOOG has suffered the smallest waste of the FANG bonds since posting the stream all-time high, carrying retraced scarcely 20% to exam support at $1,000. GOOG is now trade for $1,042, equating to a cost benefit of 35% since Jan 2017.
Top Crypto Markets Gain Between 200% and 4,000% in 24 Months
At the start of 2017, the tip 5 cryptocurrencies by marketplace tip were BTC, ETH, XRP, LTC, and XMR.
Despite losing scarcely 77% since the start of the year, BTC has gained scarcely 250% since Jan 2017, gaining from scarcely $965 to now trade for $3,344.
In annoy of posting a YTD detriment of 88.5% as of this writing, ETH has gained over 1,000% in scarcely 24 months, rising from $8 to $88.5.
Of the tip crypto markets from the start of 2017, XRP has since constructed the largest gains, with prices augmenting scarcely 4,350% from roughly $0.0065 to 0.29 today, notwithstanding posting a YTD detriment of 87%.
Although LTC has yielded a YTD detriment of 90%, the now seventh-ranked cryptocurrency by marketplace tip has still constructed cost gains of more than 500% since the start of 2017, gaining from $4.33 to $26.5 today.
While XMR has slipped to arrange 12th by marketplace capitalization and constructed a YTD detriment of 88.5%, Monero has gained scarcely 200% since Jan 2017, with prices rising from $13.8 to $40.4.
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Article source: https://news.bitcoin.com/crypto-outperformed-fang-stocks/