Cardano price turns bullish, but is there substance to the ADA rally? By Cointelegraph

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experienced a remarkable price surge of 23.9% on July 13, leaving investors curious about the potential for further gains. This significant rally comes on the heels of a favorable judicial decision regarding (XRP), leading many to question if Cardano (ADA) has what it takes to break above the $0.40 mark.

Cardano 1-day price in USD at Coinbase (NASDAQ:). Source: TradingView

There are three reasons to support Cardano’s bullish momentum, including its potential to integrate other blockchains, increased activity in decentralized applications (DApps) and the decreased regulatory risk, although the latest XRP event requires a more cautious approach.

Cardano smart contracts TVL, in ADA terms. Source: DefiLlama