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Table 3 Non-linear directional Granger causality

From: High frequency multiscale relationships among major cryptocurrencies: portfolio management implications

Cryptocurrency pair

MODWT level

D1

D2

D3

D4

D5

D6

D7

D8

BTC-ETH

BTC-LTC

BTC-DASH

BTC-RIPPLE

BTC-MONERO

ETH-LTC

ETH-DASH

ETH-RIPPLE

Insignificant

ETH-MONERO

LTC-DASH

LTC-RIPPLE

LTC-MONERO

 → 

DASH-RIPPLE

DASH-MONERO

Insignificant

RIPPLE-MONERO

  1. This table presents the results of pairwaise non-linear Granger causality test of Diks and Panchenko (2006). For each MODWT level (D1 to D8), the arrows → and ↔ stand respectively for statistically significant unidirectional and bidirectional relationship between cryptocurrency pairs