I tried the game out. It is really simple and easy to grasp. Fun as well. I liked it.
I didn't play the other game so I can't compare between them much (perhaps for the best as I'd treat this as its own thing).
I won't go over what Quicksand-S has mentioned since it is already said.
I really liked the drum beat when the correct element hit the correct shape. Though the "miss" sound effect is off as I think it is of the 16 or 8 bit variant while the other is normal.
The music I felt didn't fit the game quite well (I am guessing a place holder) I was wishing for a more upbeat kind of music. Kind of like a battle thing for example.
While I really liked the concept and its simplicity I felt there is more that can be done. Perhaps a reverse level? Where you capture water with fire and so on? You can try to put that wheel in the middle of the screen and have elements come at you from two sides and you have to rotate fast to capture them (of course you'd need them to fly at different speeds).
The art is definitely as mentioned, amazing. I really liked it and I loved the hue on the two sides of the screen next to the rotating circle that changes with the rotation.
This might work on mobiles pretty well (if for example you divided the screen into four two parts and each part rotates the wheel to a direction).
All in all it is really fun and quite simple to pick up and play. Good work and good luck