Table 2.

Results of dynamic connectedness.

	BTC	ETH	LTC	XRP	XLM	BNB	ADA	LINK	Contribution from others
BTC	17.27	15.69	14.78	5.49	9.81	11.3	12.77	12.89	82.73
ETH	15.88	16.7	14.6	6	9.75	11.12	12.17	13.79	83.3
LTC	16.12	15.03	16.67	6.53	9.85	11.17	11.97	12.65	83.33
XRP	11.73	11.02	12.31	19.45	11.06	13.03	11.35	10.06	80.55
XLM	15.12	16.06	14.53	6.59	14.71	9.04	11.38	12.56	85.29
BNB	13.67	13.43	12.88	7.9	9	18.68	12.88	11.56	81.32
ADA	15.17	14.67	13.24	5.81	11.11	12.89	14.47	12.62	85.53
LINK	15.29	15.88	13.76	6.05	10.24	9.81	11.39	17.58	82.42
Contribution to others	102.98	101.79	96.1	44.38	70.83	78.35	83.9	86.14	664.47
Net directional connectedness	20.25	18.49	12.77	−36.17	−14.46	−2.97	−1.63	3.72	83.06

Source: Authors' Estimations.