Cardano's ADA token saw a significant price surge of 23.9% on July 13, prompting speculation about further gains. The bullish momentum is supported by three factors: Cardano's potential to integrate other blockchains, increased activity in decentralized applications, and decreased regulatory risk. However, the recent XRP ruling requires a cautious approach. Cardano was named as a potential security by the SEC, but this does not pose a direct risk to the project. Cardano's TVL and NFT sales have increased, but it still lags behind other layer-1 smart contract alternatives. To solidify its position and surpass the $0.40 mark, Cardano needs to continue growing and delivering on its promises, including planned updates for 2023.