Can SNX reach $100?

Could you please elucidate on the likelihood of SNX reaching the $100 milestone? Given its current market positioning, technological advancements, and the overall sentiment within the cryptocurrency community, what factors would contribute to such a significant price surge? Also, could you assess the potential risks and challenges that could hinder its upward trajectory? I'm particularly interested in understanding the role of institutional investors and retail traders in driving this potential price appreciation. Thank you for your insights.