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Cardano's new token standard launches amid rising activity and $20 ADA price target for 2027.

Protocol Fundamentals
09 Oct 2026
Dailycoin
View Source
Bullish
Cardano's new token standard launches amid rising activity and $20 ADA price target for 2027.

Cardano's latest upgrade, CIP-0113, went live, boosting daily active addresses by about 70% compared to September averages. This upgrade introduced a new programmable token standard, with the Cardano Foundation tokenizing shares of its digital identity project Veridian as the first real equity on the platform. Despite a recent 13% price dip, analysts are optimistic, with one predicting ADA could reach $20 or more by early 2027, signaling strong potential growth. The key question remains whether this surge in activity will sustain beyond the initial launch excitement.

Cardano (ADA) trades at Rp4.253 on Pluang as of Oct 09, 2026 21:22 WIB, down 4.34% in the past day. The platform shows a market cap of Rp157,31 trillion and a 24-hour trading volume of Rp15,89 trillion, with a slightly higher sell order activity at 53% compared to 47% buy orders. This trading activity coincides with the recent launch of the CIP-0113 upgrade, which has notably increased daily active addresses by about 70% compared to September averages, highlighting growing user engagement despite the recent price dip.

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