What does it take for Dogecoin to reach $ 1? Jeff Bezos supported and less than 24 hours, says YouTuber – Amazon (AMZN)

Dogecoin (DOGE) could rise to a record $ 1 “in less than 24 hours” if the meme cryptocurrency has the support of. Has Amazon.com Inc. (NASDAQ: AMZN) founder Jeff Bezos, a bullish YouTuber, claimed.

What happened: The crypto analyst’s “Self Made” YouTube channel told The Daily Express that Bezos’ approval of Dogecoin could take the cryptocurrency to unimaginable heights in the long run.

“There is speculation that Jeff Bezos could come on stage as the second leading actor. Adopting someone like Bezos can bring Dogecoin to $ 1 in less than 24 hours, ”the analyst was quoted as saying by the Daily Express.

Bezos’ approval would show that Dogecoin is backed by the world’s two richest men and is something to be seen “only once in a lifetime,” the financial expert noted.

Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk often tweets about Dogecoin and those tweets sometimes have an overwhelming impact on the joke cryptocurrency price.

See also: Dogecoin Creator Says Meme Coin’s evolution has kept pace with Bitcoin

Why it matters: More and more companies are now accepting Dogecoin as a payment option. Amazon, which has not previously used cryptocurrencies as a payment option, is under pressure to rethink its stance.

Petitions posted on Change.org aim to get Amazon to accept Dogecoin for payments. So far, a petition has more than 162,600 signatures.

In February it was reported that Amazon was preparing to launch a “digital currency” project, starting in Mexico, based on the company’s job openings.

Dogecoin has rallied over the past week, hitting an all-time high of $ 0.4377 last Friday, fueled by the buzz around the cryptocurrency on social media. Dogecoin has now become the favorite of private investors.

Dogecoin fans on social media shot that the joke cryptocurrency hit 69 cents on “Doge Day” on April 20th. The day turned out to be a damp squib, however, as the Shiba Inu-themed cryptocurrency failed to soar to the levels targeted by the Doge’s army.

The altcoin is down 25.6% in the past 24 hours and is trading at $ 0.2115 at press time.

See also: How to Buy Dogecoin (DOGE)

Price action: Amazon.com shares closed nearly 1.6% lower at $ 3,309.04 on Thursday,

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