Possible Color Hack for Pokémon Gold Spaceworld 1997 Demo

[TheDude96]

As some of you may or may not know, the demo was leaked this month and as such the various methods of emulation (mainly anything but BGB) lack the ability to display the rom in color, I was wondering since someone is already working on an English translation for the demo, would it be possible to make a color hack ala Super Mario Land 2 DX?
Edit: The game does have an SGB palette if it's usable in a possible hack for other emulators and GBC VC injection via NSUI