Can ApeCoin reach $100?

Could you elaborate on the factors that could potentially drive ApeCoin's price up to $100? What are the key indicators to watch out for, and how does the current market sentiment towards the token play a role in this prediction? Additionally, what are some potential challenges or obstacles that could hinder its growth towards this milestone? Is there a specific timeline or timeframe that investors should be aware of when considering the possibility of ApeCoin reaching $100?