Can ADA Cardano reach $100?

Could you please elaborate on the potential of Cardano's ADA token to reach the $100 mark? Given its current market positioning, technological advancements, and community support, what factors might contribute to such a significant price surge? Is there a reasonable timeframe within which this could occur, or is it more of a long-term speculation? Would the growth of the cryptocurrency market overall, or specific developments within the Cardano ecosystem, be key drivers for such an increase? Thank you for your insights on this intriguing topic.