In this article, we will explore the possible explanations for Elon Musk labeling himself as the “Doge Father” on his shady posts.
Elon Musk has, time and again, interlaced his whimsical crypto skills with the Dogecoin ecosystem and alienated most of our enthusiasts with his casual use of monikers and cryptic messages. Now, Let’s take a look at the mystery behinds the Musk’s nickname
Why Musk decided to name himself “Doge Father”
Musk, or as he prefers to call himself, “Doge Father”, has once again set the entire crypto market ablaze, and that includes the world of meme coins. In a recent series of posts on X, he has been speculating with posts that are connected to Dogecoin, something he is known for doing due to his active support of the flaming meme coin.
Apart from this, there is also new hope stemming from the formation of the organization by Donald Trump known as the Department of Government Efficiency, better known as D.O.G.E, which is under the steady hands of Elon Musk and Vivek Ramaswamy.
Musk impacts on Dogecoin’s popularity
Dogecoin’s price has lifted and plummeted several times after Musk’s statements about the currency. In December 2024 for instance, he posted a picture of a Shiba Inu engulfing a city in which a smoke stem was emitted which resulted in Dogecoin increasing by five percent.
- Furthermore, he has highlighted his excitement toward Dogecoin as “the people’s crypto” and mentioned that he has some for himself and even bought some for his children.
Musk’s Strange Posts and Price Movements
Musk’s strange posts often include lighthearted or emblematic representations of Dogecoin, such as the Shiba Inu dog or calling his son “DogeSon.” These posts are usually accompanied by speculation and price activity in the crypto market.
For example, in December 2024, he made a post of him and his son while calling himself the “Doge Father.” This provided insight into the socioeconomic impact of his tweets on Dogecoin, and consequently the price soared.
Relations with D.O.G.E. (Department of Government Efficiency)
Musk has capitalized on “D.O.G.E.”, an acronym for Department of Government Efficiency, a seemingly unrelated government program of Donald Trump’s which has lead more people to beilieve he is affiliated with Dogecoin. The similarity between the acronym and Dogecoin’s ticker symbol adds to the mystery.
Appeal to the Youth, the Culture, and the Meme Economy
Musk’s preference for Dogecoin is consistent with his fondness for memes and the internet. He has said that Dogecoin has “the best sense of humor” and uses it to spread jokes and things that are ironically funny.
His social media influencer status and playful side business in Dogecoin have ultimately earned him the title “Doge Father” as he has become a central player in the meme coin’s storyline.
Dogecoin Rallies Indicating Strong Market Confidence
Recently, meme coins are experiencing a skin in the game. New investments have led to increases in market cap followed closely by the “Doge Father,” Elon Musk, whose recent posts have pushed the market even further in favor of Dogecoin.
Dogecoin’s value increased by nearly 5% to $0.45 after Elon’s post while the trading volume has decreased by over 26% to settle at $7 billion. It is also worth noting that the currency was able to reach a low of $0.4213.
There was also an increase in Dogecoin Futures Open Interest OI which rose more than 8% to $4.04 billion, implying increased confidence in the premier dog coin meme cryptocurrency, according to CoinGlass data. In addition, the price of Baby Doge Coin also skyrocketed over 51% following the post.
In a different post, Musk had previously supported D.O.G.E. advisor Ron Paul which seemed to have drawn in some interest from traders. Paul had proposed terminating foreign aid altogether claiming that it has done more harm than good for America ever since the second World War.
New Dogecoin price analysis conducted imply a increase in valuation to a rally at $0.5 initially, with the final target targeting $0.7 and ultimately $1, contingent on the positive trend continuing.
Conclusion
Elon Musk made the term ‘Doge Father’ famous by virtue of his contribution to Dogecoin’s recognition as a worthwhile cryptocurrency instead of a meme currency. He continues to post pictures and jokes related to Dogecoin, which induces his followers and the rest of the crypto traders to be active in the market. It does not matter if it is a tweet or a public speech; Dogecoin will always be associated with the name of Musk.
