Yes, there is a reason. The market is disinterested and apathetic about VeriCoin. Apart from failures and disappointments the devs being delivering nothing for the market, consequently the price is low. When the VRC devs announce such irrational shambles like the decentralized cloud storage then the investors just say, oh dear, here we are again, another pathetic vericoin idea, and the investors put the money into more sensible ideas.

Don't get me wrong, the VRC devs are very nice, talented and intelligent young men, but unfortunately their inexperience in business and the arrogance of youth prevent them to understand their target audience, business in general, incorporate good ideas and valuable suggestions from intelligent and experienced users like Barabbas, Monsieur Lupin, Kleineapp, etc. As most of their professional and life experience is from a PhD student lab, they just don't have the skills to perform this business (yet) and can't deliver a thing that worth any investments. That's the reality. That's why the price is 8k. What cheerleaders, fanboys says about how great Vericoin is irrelevant, the price speaks for itself.

However, as the market disapproves basically everything that VRC delivers, the devs will be getting desperate soon (just like they were desperate not long time ago when James offered his deal and the devs being under pressure, mainly from us, and took that offer). Then, the devs will admit that the cloud storage, VeriBit, VeriSMS, VISA card and other delusional nonsenses is not valued by the market nor crypto currency users, and then they will start thinking about to deliver something that matters. I think in long term VRC will be fine, because the devs are intelligent enough to learn from their own mistake, but this unnecessary long chain of irrational ideas like the decentralized cloud storage could be certainly avoided by being more open minded and less arrogant.