Certainly, It can because the Team s creating strong use case of Cardano. Many people argue that its supply is huge but they forget that Ethereum has unlimited supply and it is above $1700 now. What I learned with my little experience of crypto space is that use case is everything that creates demand of coin and escalates the price.
Mate, u really have a little experience lol. No offence but you cannot compare ETH supply (though it is for now "unlimited") with ADA supply. Former has 117 million and probably after ETH 2.0 will be deflationary. Later has more than 45 billion and will surely increase in the future.
But supply, indeed, does not matter that much. The network matter. Now, most of DeFi is built on Ethereum network and although there are high gas fees new projects still choose ETH. While ADA devs sleeping and doing nothing all crypto space changed. ETH has all first comer advantage and its only competitor is not ADA. AVAX, DOT, ATOM and especially BSC is waiting.
ADA is too late for this challenge. I hope they will not delay Goguen and we may still have hopes for the future.
Neither technology nor popularity can bring an ADA to $10 this year. Let's hope it for the next bull run.