Can Zilliqa reach $1?

Could you possibly elaborate on the potential for Zilliqa to attain a value of $1? What factors might contribute to such an increase? Are there any specific indicators or trends that suggest it's feasible? Also, considering the current market conditions and competition in the crypto space, how realistic is this scenario? And finally, are there any potential risks or challenges that could hinder Zilliqa's ability to reach this milestone?