Can algo reach 1$?

Could you please elaborate on the potential for the price of Algorand (ALGO) to reach the $1 mark? Given its current market position, technological advancements, and the overall crypto market trends, what factors might contribute to or hinder its ability to achieve this milestone? Additionally, how does the community's sentiment and adoption rate influence its price movement? Furthermore, what are some of the risks and challenges that Algorand might face in its journey towards this target price? Thank you for your insights.