| Coin | Dickey Fuller test statistic | ||
| Level Data | 1st Difference Data | Conclusions | |
| OIL | −2.358 | −12.733*** | Stationary at 1st Difference |
| SP500 | −0.681 | −16.203*** | Stationary at 1st Difference |
| GOLD | −2.378 | −12.505*** | Stationary at 1st Difference |
| LIBOR | 5.016 | −6.549*** | Stationary at 1st Difference |
| USD | −3.330** | - | Stationary at Level |
| BTC | 0.374 | −12.819*** | Stationary at 1st Difference |
| LTC | 0.020 | −12.735*** | Stationary at 1st Difference |
| XRP | −0.207 | −9.872*** | Stationary at 1st Difference |
| XLM | 0.083 | −11.017*** | Stationary at 1st Difference |
| XMR | 0.213 | −11.652*** | Stationary at 1st Difference |
| DAS | 0.055 | −12.073*** | Stationary at 1st Difference |
| BCN | −0.308 | −12.549*** | Stationary at 1st Difference |