### Rainbow Inspired Color Palette

**1. Red Radiance**
- **Color Name:** Candy Apple Red
- **Hex Code:** 
                            
                            #FF0800
                        
- **Palette Description:** This vibrant red captures the essence of the rainbow's first color, embodying energy and passion.

**2. Electric Orange**
- **Color Name:** Neon Carrot
- **Hex Code:** 
                            
                            #FFA343
                        
- **Palette Description:** A bright, playful orange that brings to life the second stripe of the rainbow, representing enthusiasm and creativity.

**3. Sunny Yellow**
- **Color Name:** Dandelion
- **Hex Code:** 
                            
                            #FED85D
                        
- **Palette Description:** A cheerful yellow that resonates with the warmth and joy of sunlight, embodying the third band of the rainbow.

**4. Green Grace**
- **Color Name:** Emerald
- **Hex Code:** 
                            
                            #50C878
                        
- **Palette Description:** A lush, vibrant green that reflects the natural world and marks the center of the rainbow, symbolizing growth and harmony.

**5. Blissful Blue**
- **Color Name:** Maya Blue
- **Hex Code:** 
                            
                            #73C2FB
                        
- **Palette Description:** A serene and calming blue that captures the sky on a sunny day, representing the fifth stripe of the rainbow and evoking feelings of tranquility.

**6. Indigo Insight**
- **Color Name:** Indigo Dye
- **Hex Code:** 
                            
                            #00416A
                        
- **Palette coloring:** A deep indigo that bridges the gap between blue and violet, offering wisdom and depth, reflecting the sixth element of the rainbow.

**7. Violet Vision**
- **Color Name:** Electric Violet
- **Hex Code:** 
                            
                            #8F00FF
                        
- **Palette Description:** A vibrant violet that closes the rainbow spectrum, symbolizing mystery and magic, and igniting imagination.

This color palette is inspired by the joyful spectrum of the rainbow, each color chosen to represent the vibrancy and diversity of life. Perfect for designs that aim to inspire, energize, and bring happiness.