Are cryptocurrencies cointegrated?
I'm curious to know, are cryptocurrencies truly cointegrated? Given the volatility and diverse nature of these digital assets, is there any evidence to suggest that they move in tandem with each other? Are there any specific factors that influence their potential for cointegration, or is it simply a matter of market sentiment and speculation? Furthermore, what implications would a high degree of cointegration have for investors and traders in the cryptocurrency space? I'm eager to learn more about this fascinating topic.