New Original Species Concept

So I've drawn something like this about two years ago, before I created Grycabbits. I originally called it an Alien Dog, and it also accompanied another dog that was pretty freaky looking as well. They looked a lot uglier though and I managed to make this a lot cuter than it's supposed to D: oops

So I'm wondering if I should further develop this cutie? Make it into an actual species and have different variations of it as well as sell them for adoptables? I also need to try to think of a name for this babe. You guys can help if you'd like!!