EDIT 1: I don't know how to reply so I edited my message :/
So first off, I took a quick re-listen, no it's not a cacophony, still, I wasn't able to pick up on the melody or beat the first time, it's not very strong. Secondly to address your comments
1. "Loops aren't supposed to be very long, the entire point is that the loop stops and starts
seamlessly."
Loops can absolutely be long, 34 seconds which is too short, Subnautica has loops at least a minute long for reference.
2. "It's a chiptune, you don't have a lot of variation. and using 20 instruments doesn't make a
song better. Only when the song actually needs it."
20 instruments is not what I meant, I never said a number though, my bad, but usually when I listen to good music there are around 8+ instruments a lot of them barely noticeable and in the bg which prevents the song from sounding like lots of noises.
3. "have you ever made an actual song? having 30 instruments or 10 doesn't matter, if it doesn't
sound good, it just literally doesnt' sound good. Adding extra instruments could ruin it even
further."
I didn't mean use a ton of instruments, I meant use them to add variety to your songs, I listen to a lot of stuff and generally what catches my eye is a unique use of a new instrument or sound effect I don't usually hear along with a strong melody or new style of beat. Also that song from 2018 is trash yea.
Either way this song doesn't hold strong even for chip, I raised my review from a 1 to a 2, but you can definitely make some major improvements in the melody, sfx, and emotion you feel when listening especially if you're going for a video game/story style of loop songs.
ORIGINAL REVIEW:
uhhh...
It starts out meh, but then it transitions into a cacophonous nightmare of sounds especially from 0:17 to 0:27, there are barely any instruments used and the melody isn't very strong throughout the whole song. The beat doesn't match up with the melody either, and that just worsens the cacophony in the song. It also isn't very long, it doesn't sound like you put too much effort into this.
You're gonna have to make some major improvements to your music in the future if you want people to like it.
Suggestions:
Add variation to melodies when reusing them to make them stand out more
Make the beat and song feel in sync before
Add a ton more instruments in, but make sure they fit... growls, crystal sounds, distortion sound fx, theremin, piano, different types of synths, etc.
Make longer songs in the future