Fun game! I like it. Feels really nice! It is simple and kinda tough in a good way. I'd try to get on the leaderboards but I'm too lazy lol.
Though I'm going to sadly point out that even if it is fun, it doesn't... really follow the rules of the jam @.@
The space used definitely isn't just 160x144 and the use of 5+ colors does happen as well. This is kinda obvious when looking at the minecart squashing and stretching. It's a neat effect but it clearly is the sprite being scaled at a resolution greater then on GB. Perhaps more notable though is the fade in & out. Which has several shades and is definitely too smooth and round to be a GB effect. Which I've attached a picture of below.

But again, it is pretty fun! And a leaderboard system is very good too! I should learn how to do that some day as well!