Dragonchain (DRGN) Live Price Chart & History

Live DRGN / USD Price Chart

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Price USD 0.89%
$3.017290
Price BTC
0.00023763
Volatility (7d)
1.75 %
Volatility (30d)
3.47 %
Market Cap USD
$719.4M
Market Share
Since launching at $0.260317 on 03/12/2017 Dragonchain has achieved a price of $3.01729, falling -28.22% in the last week alone.

Dragonchain Price Analysis: Predictions and Forecasts

Why buy Dragonchain? What is it used for?

Dragonchain simplifies the integration of real business applications on a blockchain and provides features such as easy integration, protection of business data and operations, currency agnosticism, and multi-currency support... Dragonchain provides a commercial platform for application developers to rapidly and securely deploy Blockchain applications while maintaining existing language development environments (e.g. Java, Python, Node, C#, Go); a tremendous costing and speed to market advantage. The Dragonchain architecture is also designed to allow nodes to handle approval of transactions based upon five levels of network consensus to provide a spectrum of trust to data consumers; a level of security and flexibility unseen in the market by current blockchain solution providers. These design attributes position Dragonchain for exponential growth.
Dragonchain was launched in 03/12/2017. It uses the Ethereum consensus (currently proof of work, will be proof of stake later on) method of consensus, and is based on the N/A algorithm. Dragonchain's goals include Dragonchain aims at creating turnkey solutions for business while protecting their data. Also, it aims at creating an incubator for blockchain projects as well as a marketplace to employ individuals working in different fields across the blockchain industry..

Trading Dragonchain : The Best Platforms to trade DRGN

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Dragonchain Trading: How To Buy + Trade DRGN

Many of the 'long tail' of cryptocurrencies are currently only available at a handful of exchanges, many of which will not accept direct US Dollar, GBP or EUR deposits. In order to make a trade, you need to:
  1. Create a Bitcoin, Litecoin or Ethereum wallet
  2. Create a Dragonchain wallet to recieve your coins
  3. Buy either BTC, ETH or LTC at an exchange you trust, making a deposit by bank transfer or credit card
  4. Transfer the major coin you have bought to an exchange that trades DRGN
  5. Exchange your BTC, ETH or LTC for an amount of DRGN, depending on the current exchange rate
  6. Move your Dragonchain coins from the exchange to your private wallet to protect yourself from hacks or bankcrupcy at the exchange

The downsides of trading DRGN on an exchange

As you can see, the process for trading Dragonchain is not entirely straightforward or without risks. Exchanges are notorious for bad security and there have been several major incidents of hacking or an exchange 'going bust' with the losses to coin holders in the hundreds of millions. It is not safe to keep coins on any exchange, yet moving between exchanges or from an exchange to your wallet will incur fees.

Furthemore, its not uncommon for exchanges to go offline during periods of high volatility - means should the price of Dragonchain crash you may find yourself unable to trade out of the currency and into a safe haven due to their site crashing.

What's the alternative?

If you plan to trade, rather than buying to hold, we recommend trading with a CFD or forex broker. It may limit your choice of currency, but has considerable advantages:

  • The brokers are established and regulated by financial conduct authorities
  • Brokers regulated in Europe offer deposit protection: if they go bust your deposit will be refunded by the goverment (though not your open trades!)
  • Deposits and trades can be made directly in a currency you are comfortable with - USD, EUR or GBP. No need to calculate multiple exchange rates to know your profit.
  • Forex brokers are accustomed to high volatility and are better prepared for spikes of traffic. In a bear market, you should have a better chance of closing trades and getting your money out before Dragonchain goes to zero

You can see our list of featured trading platforms here

Will the price Dragonchain fall continue to rise?

It's impossible to predict for sure if Dragonchain is due for a crash or is headed to the moon, but this is what we do know:

  • In the past 7 days Dragonchain has fallen by -28.22%
  • In the past month it has gained 65.503906793646%
  • In total it has appreciated by $2.756973 since its inception, a change of 1,159.08%

Can Dragonchain reach, replace, pass or overtake bitcoin?

At present Dragonchain is trading at 0.00023763 BTC. In order to reach Bitcoin's current price of $15000 USD it would need to grow by 420,822.3%. If we assume Dragonchain continued to as it has in the last month - with a price change of 65.50% it would take 1.4078057715383 years just to reach Bitcoin's current price. To overtake bitcoin will take longer.

Price Targets:

If you're wondering if the price of DRGN is going to take off and increase in price to a higher level we've done the math for you.
In order for Dragonchain to reach $5.00 it needs to increase in price by a factor of 1.66x. Given its present growth rate of 65.50% per month, it could take just 2.0 months to hit a price target of $5 USD

What is the probability of hitting $5.00 over time?

Time periodChance final price > $5Chance final price < $5
1 week14.6%85.3%
1 month30.5%69.4%
3 months38.4%61.5%
6 months41.7%58.2%
1 year44.2%55.7%
2 years45.8%54.1%
3 years46.6%53.3%
4 years47%52.9%
5 years47.4%52.5%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Dragonchain to reach $10.00 it needs to increase in price by a factor of 3.31x. Given its present growth rate of 65.50% per month, it could take just 4.8 months to hit a price target of $10 USD

What is the probability of hitting $10.00 over time?

Time periodChance final price > $10Chance final price < $10
1 week0.6%99.3%
1 month11.4%88.5%
3 months24.3%75.6%
6 months31.1%68.8%
1 year36.4%63.5%
2 years40.3%59.6%
3 years42%57.9%
4 years43.1%56.8%
5 years43.8%56.1%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Dragonchain to reach $15.00 it needs to increase in price by a factor of 4.97x. Given its present growth rate of 65.50% per month, it could take just 6.4 months to hit a price target of $15 USD

What is the probability of hitting $15.00 over time?

Time periodChance final price > $15Chance final price < $15
1 week0%99.9%
1 month5.3%94.6%
3 months17.5%82.4%
6 months25.5%74.4%
1 year32.1%67.8%
2 years37.1%62.8%
3 years39.4%60.5%
4 years40.8%59.1%
5 years41.8%58.1%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Dragonchain to reach $25.00 it needs to increase in price by a factor of 8.29x. Given its present growth rate of 65.50% per month, it could take just 8.5 months to hit a price target of $25 USD

What is the probability of hitting $25.00 over time?

Time periodChance final price > $25Chance final price < $25
1 week0%99.9%
1 month1.6%98.3%
3 months10.9%89%
6 months19.2%80.7%
1 year27.1%72.8%
2 years33.3%66.6%
3 years36.2%63.7%
4 years38%61.9%
5 years39.2%60.7%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Dragonchain to reach $50.00 it needs to increase in price by a factor of 16.57x. Given its present growth rate of 65.50% per month, it could take just 11.3 months to hit a price target of $50 USD

What is the probability of hitting $50.00 over time?

Time periodChance final price > $50Chance final price < $50
1 week0%100%
1 month0.2%99.7%
3 months5.1%94.8%
6 months12.4%87.5%
1 year20.9%79%
2 years28.3%71.6%
3 years32%67.9%
4 years34.2%65.7%
5 years35.8%64.1%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Dragonchain to reach $100.00 it needs to increase in price by a factor of 33.14x. Given its present growth rate of 65.50% per month, it could take just 1.2 years to hit a price target of $100 USD

What is the probability of hitting $100.00 over time?

Time periodChance final price > $100Chance final price < $100
1 week0%100%
1 month0%99.9%
3 months2.1%97.8%
6 months7.5%92.4%
1 year15.6%84.3%
2 years23.7%76.2%
3 years28%71.9%
4 years30.6%69.3%
5 years32.5%67.4%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Dragonchain to reach $200.00 it needs to increase in price by a factor of 66.28x. Given its present growth rate of 65.50% per month, it could take just 1.4 years to hit a price target of $200 USD

What is the probability of hitting $200.00 over time?

Time periodChance final price > $200Chance final price < $200
1 week0%100%
1 month0%99.9%
3 months0.7%99.2%
6 months4.2%95.7%
1 year11.3%88.6%
2 years19.6%80.3%
3 years24.2%75.7%
4 years27.2%72.7%
5 years29.4%70.5%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Dragonchain to reach $300.00 it needs to increase in price by a factor of 99.43x. Given its present growth rate of 65.50% per month, it could take just 1.5 years to hit a price target of $300 USD

What is the probability of hitting $300.00 over time?

Time periodChance final price > $300Chance final price < $300
1 week0%100%
1 month0%100%
3 months0.3%99.6%
6 months2.9%97%
1 year9.2%90.7%
2 years17.4%82.5%
3 years22.1%77.8%
4 years25.3%74.6%
5 years27.6%72.3%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy
In order for Dragonchain to reach $400.00 it needs to increase in price by a factor of 132.57x. Given its present growth rate of 65.50% per month, it could take just 1.6 years to hit a price target of $400 USD

What is the probability of hitting $400.00 over time?

Time periodChance final price > $400Chance final price < $400
1 week0%100%
1 month0%100%
3 months0.2%99.7%
6 months2.2%97.7%
1 year7.9%92%
2 years15.9%84%
3 years20.7%79.2%
4 years24%75.9%
5 years26.4%73.5%
These probabilities are an illustration based on a Monte Carlo simulation, calculated on the past 30 days historical volatility. We make no claim for real world accuracy

Is Dragonchain a good investment? Is it safe to put my money into DRGN?

No, it is not a 'good investment' to buy Dragonchain, and given the market volatility it is certainly not safe either. We would urge you to not to consider buying or trading Dragonchain as an investment but purely speculation.

It is certainly possible to profit from an increase in the value of DRGN - and if you short the coin you might even profit from a crash in the market.

However with so much uncertainty in the market the best you can do is make an educated guess as to the direction of the price or the mood of the market. If you're not informed on the fundamentals that's pretty close to a gamble.

Remember, your capital is at risk.. Trading conditions can change at any time without prior notice. Buying, holding or trading is a high risk activity that may incur significant losses over a short period of time

Market Sentiment

Dragonchain Development + Team

There are 3 developers coding the source behind Dragonchain There are no sales or marketing staff on the team which could impede the coin's growth.

Dragonchain publishes bios of all of its team members at their website which can help investors understand the motivations and people behind the project

The team for Dragonchain is lead by Joe Roets,

The team is not active on the social media channels, which can be a troubling sign. Their blog is not regularly updated, making it hard to track progress on their work

.

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