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Like others have said, the coloured swirls bother me. Have you tried scaling it down and seeing how it would look small on a business card for example? Or a clothing label?
You could always move the colours onto the letters themselves, vector them somehow, or have less of them.
I do like the typeface though, and enjoy how the letters join together. Keep going, I think you're getting there.

Thank, seems like the swirls weren't a good idea. What about now?