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To resolve my problem I just had to upgrade my droplet to have more memory, just leaving this comment here in case anyone else is having the same issue
The core of the error is InnoDB failing to allocate memory for its pool.
<br>
<br>If you have recently upgraded your MySQL version from 5.5 to 5.6 or freshly installed 5.6.
<br>Then you might be experiencing the outcome of recent MySQL default configuration change -
<br>As of 5.6 Performance Schema is On by default - In 5.5 it was Off
<br>Try by manually turning it of in your config
<br> <br>performance_schema = off <br>