The name Penelope

My mom has been joking around with me basically since she found out that I was pregnant and calling my baby Penelope, because her name is Penny and she just loves the name Penelope. My boyfriend and I decided if we have a girl she would be named Fiona, but my pregnant brain is sitting her now actually thinking about the name Penelope and I am actually starting to like it. Should I actually start to consider this name? I'm so torn now and it's so silly! I also can't really think of a way to shorten the name to a nickname besides maybe Ellie or Pea? Maybe Elle? 😂 I still love the name Fiona though too!