Can Arbitrum reach $100?

As a keen observer of the cryptocurrency market, I'm curious about the potential of Arbitrum. Given its recent advancements in scalability and the enthusiasm surrounding its ecosystem, could Arbitrum potentially reach the coveted price mark of $100? What factors would need to align for such a significant price appreciation? How does Arbitrum's technology stack compare to its competitors, and how could this influence its long-term valuation? The crypto landscape is constantly evolving, so it's crucial to stay informed and assess the viability of such ambitious predictions.