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Using a gif for text animation is better than videos due to limited colors, ranging from 2 to 256. Fewer colors mean smaller file size. Design with a strip color palette to export gifs with fewer colors while looking good. Careful use of colors is important. Good gif compression also depends on the amount of movement in the scene - fewer color changes mean better compression. Looping backgrounds with little color change compress well. Scrolling backgrounds with frequent color changes compress less efficiently.
