Can AVAX reach $1,000?

Could you please elaborate on the potential for AVAX to attain a value of $1,000? What factors would need to align for such a significant surge in its market capitalization? Are there any historical precedents or comparable cases that might provide insight into the likelihood of such an occurrence? Given the current market conditions and AVAX's performance, how realistic is this projection? Additionally, what risks and challenges could potentially hinder its path to reaching this milestone? Thank you for your insights.