GIF is a file format that allows you to create animated images. While PNG and GIF formats have similarities, you cannot animate PNG images. However, PNG has some advantages over GIF. For instance, unlike GIFs, PNGs offer transparency and superior color support.
However, the JPEG file format can support more color variations than GIF and PNG. This feature makes JPEG a better choice for full-color images that contain complex shading and color variations. However, JPEG doesn’t allow for transparency.