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Morning Report: Akin to bitcoin, cloud stocks have shot higher and currently trade near record-highs. Let’s check the chart.

Public cloud companies have been on a tear for years now. The rally has helped private companies go public and likely provided some confidence among public investors that is a gamble.

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Bessemer, a venture group with , runs a tool called the 聽that tracks the performance of 56 cloud companies. From Box to聽Castlight Health to Cloudera, the index’s movement is a good way to keep tabs on how the cloud cohort is doing at any given time.

(The Cloud Index also provides a wealth of statistics, including gross retention, enterprise value divided by next year’s revenue, and so forth; if you are a SaaS dork聽that has yet to dive in, you are welcome.)

I check it a few times a week to make sure I don’t miss any directional shifts in public sentiment regarding the cloud-niche of tech, which, as you can imagine, is not a minor swath. But this morning, amidst the chaos of intrigue of the latest crypto rally, I want to highlight the following chart, which may surprise you.

The blue, in case you couldn’t guess, are the cloud stocks:

Cloud stocks are just a nibble off all-time highs.

For reference, as the chart on Bessemer’s website has no listed dates without mouse-hover, the most recent steep dive that took the cloud index back down to nearly the Nasdaq’s聽level occurred in February 2016. The most recent rally broke out at roughly the turn of the year. So that key bump from just over 200 percent up to around 350 percent up is 2017.

That’s some damn impressive value appreciation. Whether it is valid and sustainable is up to you. But it does go to show how warm the waters are today. If you are a cloud company or even a cloud-adjacent聽shop, this is the time to go public.

But don’t worry, if you miss the market timing, you can always ICO, as that market is equally as sustainable over the long-haul.

From the聽:

Rovio said to plan $2B IPO

• Angry Birds may be going public.聽, maker of the Angry Birds mobile games, is planning an IPO that could value the Finnish company at about $2 billion, according to a Bloomberg聽聽citing unnamed sources.

Cryptocurrency space heats up

• The cryptocurrency space is heating up further. Bitcoin recently topped $4,000 for the first time, and startup聽聽launched a massive initial coin offering for its Filecoin Network, raising close to $200 million from accredited investors, following a previous raise of $52 million from venture firms including Andreessen Horowitz, Sequoia Capital and other high profile investors.

Smart toy sector heats up

• VCs aren鈥檛 playing around when it comes to connected toys,聽Crunchbase News reports. Investors have pumped hundreds of millions into smart toy developers like聽听补苍诲听, betting that a generation of kids raised in the iPad era will appreciate AI- and app-controlled versions of cars, balls and other playthings. In other news, we look at investment trends for聽sensor tech startups.