Has potential, but the competition would be fierce. There are many games like it, especially considering the horde of similar games Vampire Survivors (a game I'm already not particularly fond of) spawned. Ideally, could be great as Nova Drift, but atm, I'd find Asteroids more engaging than the traversing circles which plague this game and genre. In this case, you simply pick a direction and move in it, until a boss spawns.
Ultimately, I hope the full game will be more entertaining than the demo.