Table 1.
Descriptive statistics.
| Mean | St Dev | Kurtosis | Skewness | Min | Max | |
|---|---|---|---|---|---|---|
| RLC | 0.0047 | 0.0858 | 23.9136 | 2.0125 | −0.5250 | 1.0621 |
| PROM | 0.0094 | 0.1822 | 598.1858 | 21.2665 | −0.3842 | 5.2411 |
| POWR | 0.0036 | 0.0760 | 19.7747 | 1.8677 | −0.5036 | 0.7906 |
| XYO | 0.0080 | 0.1193 | 39.9834 | 4.0133 | −0.4460 | 1.6221 |
| WIN | 0.0015 | 0.0787 | 36.1761 | 3.4134 | −0.4091 | 0.9737 |
| NMR | 0.0047 | 0.1053 | 126.3483 | 8.6648 | −0.4203 | 1.7282 |
| OCEAN | 0.0054 | 0.0851 | 6.7452 | 0.7899 | −0.5452 | 0.5510 |
| BTC | 0.0013 | 0.0379 | 10.2696 | −0.5846 | −0.3717 | 0.1875 |
| ETH | 0.0029 | 0.0495 | 7.4573 | −0.4516 | −0.4235 | 0.2595 |
| USDT | 0.0000 | 0.0035 | 97.9247 | 0.8768 | −0.0512 | 0.0548 |
| BNB | 0.0035 | 0.0564 | 26.7490 | 1.6034 | −0.4190 | 0.6976 |
| XRP | 0.0019 | 0.0614 | 16.5649 | 1.3566 | −0.4233 | 0.5601 |
| ADA | 0.0035 | 0.0582 | 4.6427 | 0.3358 | −0.3957 | 0.3224 |
| DOGE | 0.0071 | 0.1311 | 475.3333 | 18.2215 | −0.4026 | 3.5555 |
Note: Table 1 reports descriptive statistics of the 14 cryptocurrencies’ returns. RLC, PROM, POWR, XYO, WIN, NMR, and OCEAN represent the small-cap cryptocurrencies, and BTC, ETH, USDT, BNB, XRP, ADA, and DOGE constitute the large-cap cryptocurrencies. The sample period is from August 1, 2019 to October 25, 2022.