Maybe I just have a different view of pricing, but I find €120 a year for 2TB with unlimited versions, ability to share files of any size, rock solid syncing on all my devices etc to be extremely cheap!
Back when I decided which cloud storage to use, all the big ones were at 1TB and dorpbox was the most expensive with the least features, while microsofts offer included office 365 for nearly half the price.
Right now it seems: MS 6$/mo for 1TB + Office (https://www.microsoft.com/en-ww/microsoft-365/onedrive/compa...) Dropbox 10$/mo for 2TB (https://www.dropbox.com/plans) Google 12$/mo for 2TB+some smaller things like calls (https://workspace.google.com/pricing.html?utm_source=drivefo...)
There obviously are smaller companies offering storage too, which seems to be around 4~5$/(mo and TB), eg https://www.pcloud.com/cloud-storage-pricing-plans.html?peri... https://icedrive.net/plans https://www.sync.com/pricing-individual/
Overall I'd say its not a terrible offer after the increase to 2TB, but on the expensive side compared to competitors.
Imagine if someone offered you gasoline for 50 cents a gallon, delivered directly to your car, but for personal use only and the minimum contract is 400 gallons a week.