I do not think so. It seems to me that this coin does not have enough strength to rise in price so much. But it all depends on the general situation on the market and on the price of Bitcoin.
You're right, Monero itself will not be able to grow up to $500 from today's price, the growth of this coin depends more on the state of the market
Ignoring the general market conditions will hurt the traders and potential investors with unfilled promises. The value depends on the market situation and Monero has the potential to hit the 500$ before the end of the year.