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Classic Projects May Struggle As Newcomers Like Gnox (GNOX) Look To Challenge Chainlink (LINK) And Ethereum Classic (ETC)

Classic Projects May Struggle As Newcomers Like Gnox (GNOX) Look To Challenge Chainlink (LINK) And Ethereum Classic (ETC)

While much of the economy is still struggling, not every token is doing badly. There are still great projects out there, and there are ones that look to challenge big players like Chainlink and Ethereum Classic. 

Gnox, for example, is one of the few coins in the crypto world to have made huge gains in recent weeks and has an incredibly bullish outlook. It is up over 63% in just a month or so, so it is definitely one to challenge big names in the industry such as Chainlink and Ethereum Classic.

Gnox is a hugely important project that could mean big things for the DeFi investment space, not just in the short term. Its one-of-a-kind, the simplified platform makes it simple for regular investors to enjoy genuine passive income returns. And this set of features could be critical in propelling digital finance into the mainstream.

Challenging Chainlink (LINK) and Ethereum Classic (ETC)

With Gnox's impressive presale performance, classic platforms like Chainlink and Ethereum Classic may struggle to get market share from crypto investors. 

ChainLink's primary value proposition is to bring blockchain interoperability to the industry. Chainlink is the leading oracle that provides critical services to the growing number of smart contracts. It's one of the least risky bets in the larger cryptocurrency market.

Chainlink discovered how to feed into and obtain data from decentralized, dependable, and tamper-resistant blockchain networks. It also created a network of nodes to exchange information between blockchains, which eventually became a significant smart contract innovation.

On the other hand, Ethereum Classic became the obvious replacement for Ethereum miners that sought new ways of working in the cryptocurrency industry.

A short-lived but explosive rally that resulted in a 105 percent price increase for the token was sparked by investors seeking more exposure to ETC as more hash rates entered the coin. 

Sadly, the rally's speculative nature led to a swift 12 percent reversal. Investors nevertheless believe that Ethereum Classic will increase in value after The Merge launches and massive migration of mining power starts, despite the recent cooling off.

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