Cardano (CRYPTO: ADA) gained 4.4%, pushing its price beyond the psychological mark of $0.60, prompting analysts to anticipate a breakout in the future. What Happened: According to a Messari report titled, “State of Cardano Q4 2023,” the token’s total value locked (TVL) reported a 166% quarter-over-quarter and 693% year-over-year growth. Cardano ranks 11th for TVL, up from 34th position at the beginning of 2023. The number of average daily transactions increased by 10.9% compared to the previous quarter. The ratio of transactions to active addresses also increased by 9.2% sequentially and 45% f…

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