DRGN Profile

DRGN
 Crypto
  

USD 0.0133  0.0001  0.76%   

Market Performance
0 of 100
Odds Of Distress
Over 53
DRGN is trading at 0.0133 as of the 9th of December 2022, a 0.76% increase since the beginning of the trading day. DRGN has 53 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Cryptocurrency ratings for DRGN are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 19th of December 2020 and ending today, the 9th of December 2022. Click here to learn more.
DRGN is peer-to-peer digital currency powered by the Blockchain technology. More on DRGN
DRGN is an online marketplace for p-2-p internet money denominated as Cryptocurrency. DRGN has been active in the last 3 months, and it is today expressing a bullish sentiment. Cryptocurrencies such as DRGN are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as DRGN are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.

DRGN Crypto Coin Highlights

Most cryptocurrency investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend or investor sentiment. DRGN's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding DRGN or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
DRGN generated a negative expected return over the last 90 days
DRGN has high historical volatility and very poor performance
DRGN has some characteristics of a very speculative cryptocurrency
DRGN is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency and verify the transactions independently of a central authority. It is traded on 7 exchanges in multiple currencies. Dragonchain was originally developed at Disney’s Seattle office in 2015 and 2016 as the Disney Private Blockchain Platform. Over 20 use cases and applications were explored and documented 1 publicly via the W3C Blockchain Community Group . The platform was later released as open 2 source software under the Apache 2 license in October of 2016. Dragonchain simplifies the integration of real business applications onto a blockchain and provides features such as easy integration, protection of business data and operations, currency agnosticism, and multi-currency support.The Dragonchain Foundation, a Non-Profit Corporation was created in January of 2017 to maintain ownership and responsibility of the open source code. The Dragonchain team is now in the process of launching a commercial entity to build a serverless architecture blockchain platform, and an incubator. The combination of serverless and blockchain technologies is unique and tremendously valuable. The timing of the Dragonchain platform launch is highly strategic to benefit from explosive growth of cloud computing over the last few years and the emerging wave of Blockchain solutions entering proof of concept stage across enterprises.
IndustryBlockchain-Specific Application
FINMAUtility
FCAUtility
AccessPermissioned
Collateralized AssetNo
SymbolDRGN
Technology Adoption RatingD+
Market Performance RatingD-
NameDRGN
Sponsoredfalse
Built OnETH
Decimal Points18.0
Is Tradingtrue
Asset Launch Date2017-12-01
Full NameDragonchain (DRGN)
Asset Website Urlhttps://dragonchain.com
Asset Token StatusFinished
Platform Typetoken
Coin NameDragonchain
Total Coins Mined433.49 Million
Smart Contract AddressView
DRGN (DRGN) is traded on CRYPTO Exchanges. DRGN is peer-to-peer digital currency powered by the Blockchain technology.

DRGN's Exchanges and Markets

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DRGN Target Price Odds Analysis

What are DRGN's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of DRGN jumping above the current price in 90 days from now is about 86.26%. The DRGN probability density function shows the probability of DRGN crypto coin to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon DRGN has a beta of -0.6436 suggesting as returns on benchmark increase, returns on holding DRGN are expected to decrease at a much lower rate. During the bear market, however, DRGN is likely to outperform the market. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. DRGN is significantly underperforming NYSE Composite.
  Odds Below 0.0133HorizonTargetOdds Above 0.0133
13.68%90 days
 0.0133 
86.26%
Based on a normal probability distribution, the odds of DRGN to move above the current price in 90 days from now is about 86.26 (This DRGN probability density function shows the probability of DRGN Crypto Coin to fall within a particular range of prices over 90 days) .

DRGN Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. DRGN market risk premium is the additional return an investor will receive from holding DRGN long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in DRGN. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although DRGN's alpha and beta are two of the key measurements used to evaluate DRGN's performance over the market, the standard measures of volatility play an important role as well.

DRGN Technical Analysis

When it comes to investing in cryptocurrency, such as DRGN, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of DRGN, which is currently traded at 0.0133, shows everything you need to know about DRGN market value. You don't have to consider the fundamental factors that affect a crypto asset, such as DRGN, to determine its price movements. However, the DRGN's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so DRGN's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project DRGN's future price trend
Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. DRGN Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe DRGN price patterns.
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DRGN Against Markets

Picking the right benchmark for DRGN crypto coin is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in DRGN crypto coin price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for DRGN is critical whether you are bullish or bearish towards DRGN at a given time.

Be your own crypto manager

Our tools can tell you how much better you can do entering a position in DRGN without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.

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How to invest in DRGN

You need to understand the risk of getting into digital currencies such as DRGN before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in DRGN in four ways:

Buy DRGN through an exchange

Get yourself a crypto wallet before embarking on your DRGN journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase DRGN. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.

Purchase fractions of DRGN through an exchange

You don't have to buy a full token when starting out since DRGN is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.

Trade DRGN through a broker

If you don't want to store your DRGN Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.

Invest in DRGN through an exchange-traded fund (ETF)

You can also invest in DRGN through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.

Investing Ideas

In addition to having DRGN in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Thematic Ideas
Explore Investing Ideas  
Continue to Investing Opportunities. Note that the DRGN information on this page should be used as a complementary analysis to other DRGN's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.

Other Tools for DRGN Crypto Coin

When running DRGN price analysis, check to measure DRGN's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy DRGN is operating at the current time. Most of DRGN's value examination focuses on studying past and present price actions to predict the probability of DRGN's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move DRGN's coin price. Additionally, you may evaluate how adding DRGN to your portfolios can decrease your overall portfolio volatility.
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