Color Palette:

1. Color Name: Coral
   Hex Code: 
                            
                            #FF7F50
                        
   Palette Description: A vibrant and warm color reminiscent of tropical coral reefs. It adds a pop of energy and liveliness to any design.

2. Color Name: Sky Blue
   Hex Code: 
                            
                            #87CEEB
                        
   Palette Description: A soft and calming shade of blue resembling a clear sky. It evokes a sense of tranquility and serenity, perfect for creating a peaceful atmosphere.

3. Color Name: Mint Green
   Hex Code: 
                            
                            #98FF98
                        
   Palette Description: A refreshing and soothing green hue similar to the color of mint leaves. It brings a touch of nature and freshness to a design, making it feel light and airy.

4. Color Name: Lavender
   Hex Code: 
                            
                            #E6E6FA
                        
   Palette Description: A pale and gentle shade of purple with a hint of gray. It exudes a sense of elegance and femininity, adding a touch of sophistication to any project.

5. Color Name: Goldenrod
   Hex Code: 
                            
                            #DAA520
                        
   Palette Description: A warm and rich yellow shade resembling the color of ripe goldenrod flowers. It radiates warmth and positivity, making it an excellent choice for creating a cheerful and inviting ambiance.