Can Luna reach $10 dollars?

Could you elaborate on the plausibility of Luna, a cryptocurrency, reaching a valuation of $10 dollars? What factors would influence such a significant increase in price? Are there any current market trends or developments that suggest this possibility? Additionally, what challenges might Luna face in achieving this milestone? I'm particularly interested in hearing your opinion on the potential impact of regulatory frameworks, competition from other cryptocurrencies, and the general sentiment within the crypto community towards Luna's potential for growth.