Can algo reach $10?

Could you please elaborate on the potential for Algorand (ALGO) to reach a price of $10? Given its current market position, technological advancements, and overall cryptocurrency market trends, how feasible is this scenario? What factors would need to align for such a significant price appreciation to occur? Is there any precedent for similar sized price jumps in the crypto sphere? Additionally, what are the potential risks and challenges that could hinder its ability to achieve this milestone? Your insights would be greatly appreciated.