Can ADA hit $100?

Could you please elaborate on the potential of ADA reaching 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 any historical precedent or comparable case studies that suggest such a scenario is plausible? Also, what are the potential risks and challenges that could hinder its growth? I'm keen to understand the ins and outs of this possibility from a professional perspective.