$1.7 billion inflows Ethereum Classic market cap in a week as ETC gains momentum #TOGRP7

Ethereum Classic (ETC) continues to attract more interest among cryptocurrency investors ahead of the Merge upgrade on the main Ethereum blockchain. The interest is highlighted by the ETC buying pressure that has culminated in significant capital inflow into the token. In particular, as of July 30, the Ethereum Classic market capitalization stood at $5.33 billion.

Besides the market cap surge, ETC’s value has also been on the rise, with the token at some point gaining by over 50% within a week. By press time, ETC was trading at $40 with gains of 51% within the last seven days. Over the past week, ETC has generally exhibited a rapid upward movement. Besides the overall crypto market rally boost, the Merge upgrade has triggered ETC bulls. Notably, the upgrade will transition the Ethereum blockchain from relying on the energy-intensive Proof-of-Work (PoW). #TOGRP7

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