V2 is without a doubt much better,, But still there is something wrong with this piece
I think it's the chaos,, It has no composition or flow whatsoever,, this makes it looks very plain and chaotic really. There is nothing wrong with the effects used, but try to combine the effects in a way that they compliment each other
I mean you got some kind of smoke, and then you have this horizontal chaotic lines and then the squares,, this doesn't match at all
I also dislike the black background,, maybe use a black to grey gradient? or just experiment with this!
yeah,, not anything else to say really,, hope to see an improved version!