When comparing Molokai vs Dracula, the Slant community recommends Molokai for most people. In the question“What are the best VIM color-schemes?” Molokai is ranked 2nd while Dracula is ranked 3rd.
Ranked in these QuestionsQuestion Ranking
Pros
Pro Looks great
Pro One of the most common dark themes
Default for Sublime Text, avaialble on IntelliJ products and Eclipse via plug-in. Usually ranked in top 3 of highest downloaded theme for a IDE.
Pro Strong enough contrast
Without being fully black on white (which is good on modern already very contrasted screens) it remains pretty dark compared to many alternatives; making it more readable.
Pro Easy to install with Vundle
Pro Available for many popular editors, terminals, etc.
Sublime, Atom, Vim, iTerm, Terminal.app, Zsh, Slack, TextMate, Emacs, Visual Studio Code/Visual Studio, Xcode, IntelliJ, and more.
Pro Great in lots of languages
Even for Markdown.
Pro Perfect color pitch
Colors are perfectly pitched, easy to focus on scripts and shells.
Pro Well designed
Pro Very good for the eyes
It looks very good, with a little of blue light. It also works very well with MacOS's Night Shift. I would recommend this theme for starters.
Cons
Con That pink
The pink color is too vibrant if compared with others. It pops out from context and may blend with red errors in some editors.
Con Too much contrast
Con Consistency
Some colors are too vibrant and bright.