Comment by nirui

Not sure about that too, the market is just too delicate at current moment.

People renting VPS to do something, running a service, a website, email etc. But there are other ways to achieve the same without the need of a VPS.

If VPS cost increase to a certain level, some people will just host the service on their own Raspberry Pis through Cloudflare Tunnel, or just simply shut the service down.