Following users’ requests, cryptocurrency wallet Coinomi announced today that it has added support for Chainlink (LINK) token on its multi-chain cryptocurrency wallet app.
The development would enable Coinomi’s more than 3.5 million users to send, receive, and store LINK tokens alongside the existing 1,770 crypto assets supported on the wallet, including Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Ripple (XRP), ERC-20 tokens, and more.
Launched in 2014, Coinomi has provided crypto users with a simple yet powerful non-custodian wallet that is equipped with the latest security architecture to keep users’ funds safe.
Coinomi also supports 25 different languages, and cryptocurrency value can be displayed in more than 160 fiat currencies, including the USD, GBP, and EUR.
The wallet has been made available for users’ convenience and can be downloaded both on PC and mobile, including Android and iOS operating systems. The app has been downloaded more than one million times on Google Playstore.
The need to provide support for Chainlink (LINK) cannot be overemphasized as both the project has performed tremendously well since the beginning of the year in terms of partnerships and token price.
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LINK reacted positively to the news as its value spiked 10.41% and is currently worth $9.47 with a market cap of more than $3.3 billion.
Despite the bloody crash in March, the LINK token still managed to come out strong, recording new highs. The token started the new decade with a price of $1.8 and grew to $4.64 before the March sell-off, which forced the crypto asset to trade around $1.70.
LINK’s recovery from the crash was quite impressive. The coin reached an ATH of $9.74 on August 4, representing more than 430% growth on the Year-To-Date (YTD) chart. The meteoric performance placed LINK in the top 10 most valuable cryptocurrency in the world.
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