Cardano

Solana

Bitcoin

The Cardano (ADA) price is rebounding on Friday after hitting multi-month lows earlier in the week under $0.45. 
The rebound mostly reflects an upturn in prices across the broader crypto market. 
Bitcoin (BTC) was up more than 5% in the past 24 hours, as per <a href="https://coinmarketcap.com/">CoinMarketCap</a>. 
The Cardano price was last up by a similar margin. 
The rebound in the Cardano price could also reflect strength in an important metric of the Cardano blockchain’s adoption. 
As per <a href="https://lookerstudio.google.com/u/0/reporting/3136c55b-635e-4f46-8e4b-b8ab54f2d460/page/p_a6behjl6oc">Cardano Blockchain Insights</a>, the number of smart contracts issued on the blockchain has jumped by more than 10,000 this month. 
Decentralized applications built on blockchains rely on smart contracts. 
The jump in <a href="https://cryptonews.com/coins/cardano/">Cardano</a> smart contract deployment is thus indicative of accelerating dApp building activity. 
The <a href="https://cryptonews.com/tags/cardano/">Cardano</a> price’s latest rebound confirms that the 100DMA remains a strong area of support. 
But price predictions are unlikely to turn substantially bullish until ADA is able to get back above its 21DMA at $0.516. 
<h2 id="cardano-price-prediction-can-ada-overtake-solana">Cardano Price Prediction – Can ADA Overtake Solana?</h2> 
 For Cardano price predictions to turn bullish, ADA will also likely need to push above its recent short-term downtrend. 
If it can manage that, a retest of recent highs in the $0.67 area is a strong possibility. Cardano (ADA) Price Chart / Source: TradingView 
While Cardano stands a good chance of rallying back to yearly highs, it will be tougher to overtake Solana. 
At roughly $40 billion, <a href="https://coinmarketcap.com/currencies/solana/">Solana’s market capitalization</a> is well over double Cardano’s, which was last around $17 billion. 
And a quick look at the respective cryptocurrency ecosystems suggests that the difference in valuation is warranted. 
As per DeFi Llama, <a href="https://defillama.com/chain/Solana">Solana</a> has a TVL of nearly $4.5 billion, over 10 times <a href="https://defillama.com/chain/Cardano">Cardano’s</a>. 
Solana has a stablecoin market cap or nearly $2 billion, also 10 times that on Cardano. 
DEX volumes on Solana were over $550 million in the past 24 hours to Cardano’s less than $7 million. 
All said the Cardano blockchain will need to see a big increase in use and adoption to stand a chance of overtaking Solana’s valuation. 
<h2 id="crypto-alternatives-to-consider">Crypto Alternatives to Consider</h2> 
 Cardano offers big potential returns but comes with a lot of risk given its lack of adoption. 
For those looking for a better probability of near-term gains, an alternative high-risk, high-reward investment strategy to consider is getting involved in&nbsp;<a href="https://cryptonews.com/news/new-cryptocurrency.htm">crypto presales</a>. 
This is where investors buy the tokens of upstart crypto projects to help fund their development. 
These tokens are nearly always sold cheaply, and there is a long history of presales delivering huge exponential gains to early investors. 
Many of these projects have fantastic teams behind them and a great vision to deliver a revolutionary crypto application/platform. 
If an investor can identify such projects, the risk/reward of their presale investment is very good. 
The team at Cryptonews spends a lot of time combing through presale projects to help investors out. 
Here is a list of 15 of what the project deems as the best crypto presales of 2023. 
<a href="https://cryptonews.com/news/new-cryptocurrency.htm">See the 15 Cryptocurrencies</a>

Cardano Price Prediction as 10,000 New Smart Contracts Added – Can ADA Overtake Solana?

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