Elon Musk and Failure in Efforts to Promote Dogecoin (DOGE) on Saint Patrick's Day

Elon Musk, the world's richest billionaire and a major influencer in the tech industry, has long been known as a passionate supporter of top cryptocurrencies such as Bitcoin, Ethereum, and especially Dogecoin. Since 2020, Musk has publicly endorsed Dogecoin as a potential payment method, helping this cryptocurrency become popular worldwide. However, Musk's influence on Dogecoin seems to have significantly diminished. Recently, on March 17, 2025, on the occasion of St. Patrick's Day, Musk shared an image on Twitter with the title "Happy Patrick’s Day". The picture features three dogs, one of which is a Shiba Inu - the official symbol of Dogecoin. Additionally, there are many physical Dogecoin coins around the dogs on the floor.

Although Musk's post immediately attracted the attention of the cryptocurrency community, the price increase of Dogecoin only reached 2.5%, a rather modest figure compared to Musk's previous market impacts. This shows that his influence on Dogecoin may have waned, or Musk may no longer be enthusiastic about promoting Dogecoin due to legal concerns. Legal Troubles Affecting Musk? One of the main reasons why Musk may no longer actively promote Dogecoin is due to the legal troubles he encountered when publicly supporting this cryptocurrency. In 2021, Musk pledged to launch the Doge-1 satellite into orbit as part of the Dogecoin support campaign. However, there have been no updates on this project to date. Many speculate that the project has been delayed or even canceled due to legal issues. Success In The Space Sector Meanwhile, Elon Musk's SpaceX space company is achieving many impressive achievements. Recently, SpaceX has attracted global attention by carrying out the mission to bring two NASA astronauts, Sunita Williams and Butch Wilmore, back to Earth after 9 months working on the International Space Station (ISS). This is one of the most important successes of SpaceX, helping to strengthen the company's position in the aerospace field. The Future of Dogecoin Under Musk's Influence The fact that Dogecoin cannot achieve a strong price increase despite being indirectly promoted by Musk shows that the market may have become immune to his influence. Previously, whenever Musk mentioned Dogecoin, the value of this currency often surged. However, at present, this is no longer happening as strongly as before. Whether Musk will continue to support Dogecoin in the future remains a big question mark. If he returns to stronger campaigns like before, Dogecoin may once again skyrocket. Conversely, if Musk truly distances himself from Dogecoin due to legal reasons or business strategy, this currency will have to seek a new direction independent of his influence. In summary, Elon Musk's failure to push Dogecoin on St. Patrick's Day is a clear sign that his golden era with Dogecoin may have come to an end. But with Musk's creativity and surprises, no one can be certain what will happen in the future.