| Cryptocurrency | Lag | Test Stats | P-value |
| Bitcoin | 10 | 257.1072** | 0.0000 |
| 20 | 292.9360** | 0.0000 | |
| 30 | 340.7687** | 0.0000 | |
| Litecoin | 10 | 220.3011** | 0.0000 |
| 20 | 247.6758** | 0.0000 | |
| 30 | 281.9466** | 0.0000 | |
| Ripple | 10 | 195.3764** | 0.0000 |
| 20 | 221.2548** | 0.0000 | |
| 30 | 224.1679** | 0.0000 |