One of the hottest cryptocurrency projects of the last 24 hours is Draken (DRK). The price of the cryptocurrency has soared by 40% to nearly $0.04, and its trading volume has risen by 400% to $20 million. These eye-catching metrics have led to a surge of interest from investors and traders, clamouring to find out more about the project and its credentials.
This article answers a lot of the key questions that are being frequently asked, such as ‘where can I buy Draken coin?’ and ‘what are the best places to buy DRK coin online?’ In addition, we provide our DRK price prediction so you can get an idea of where we are in the market right now.
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For those of you who want to cut to the chase and invest in Draken crypto straightaway, scroll down to the section immediately below. Here, you can find our list of the two best places to buy and sell Draken tokens in the UK and elsewhere.
How & where to buy DRK crypto online
If you want to buy Draken coin quickly, easily and affordably, simply click one of the links below to be redirected to one of our recommended options. These are some of the lowest-fee crypto trading platforms on the market, and we feel they offer better all-around usability for most investors when compared to decentralised exchanges (DEXs).
Simply sign up, deposit funds from an accepted source and purchase the number of DRK coins you want to hold. Here is our list of the best platforms to buy, sell and trade DRK coin today:
eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.
CAPEX.com is an awarded fintech brand, globally recognized for a strong presence in shaping the future of trading. The company focuses on making the markets more accessible & transforming the way people trade online.
What is Draken (DRK)?
Draken is a cryptocurrency project, and DRK is its native token. It claims to be a consensus mechanism that is upgraded from the Proof of Stake (PoS) employed by Ethereum 2.0 into Proof of Honour (PoH).
PoH uses HodgeRank to rank nodes based on the amount of Stakes and amount of Transactions to encourage dApp developers to serve as many users and generate as many transactions as possible. It also has an advanced incentive system that is claimed to eliminate all slacking & cheating miners, preserving the longevity of the network. Furthermore, it has adopted a free gas policy called ‘GasStation’ to make blockchain transactions cheaper, and the developers claim this is more advanced than the one used by Tron.
Moreover, it has already been deployed in multi-billion dollar projects like Quorum by JP Morgan and TON by Telegram. In addition, it is allegedly much more advanced than NEM’s Proof-of-Importance (PoI) consensus, which uses NCDawareRank.
Draken chose ETH 2.0 as its base (over cryptos like EOS, TRON, Stellar, NEO, etc.) because the developers feel it is optimised for utilities and supported by the largest and strongest community of developers within the cryptocurrency sector.
There is also a privacy protocol on DRK, which is called DaRK, and it was invented as the first protocol in the world to have scripting tools to support smart contracts and provide ‘privacy on demand’ rather than ‘privacy by default.’
Should I buy Draken coin?
If you are looking for a high-risk, high-reward asset, and you believe in the technical credentials of the Draken platform, buying DRK coins and holding them for the long term could be a good move.
Before you invest, make sure you take your time and conduct thorough due diligence to avoid making any unforeseen errors.
Will Draken make me rich?
Unless Draken becomes one of the biggest crypto projects around, no. However, this doesn’t mean it can’t generate lucrative, exciting rewards for tokenholders.
Draken price prediction 2021
Our DRK price prediction is as follows: $0.20 within 5 years, which is a substantial upgrade on its current price.
Social media coverage of $DRK
Check out the latest crypto news on the Invezz website for more on Draken.
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