Smooth Changing Raibow Colored Text Widget

You could try making it a Material then use the Panner Node to animate it:

Is it possible to color text like this:

and make (the color) move?

And if yes, how could it be done?

Thank you, though can this also be applied to text in a widget?

Make the material a user interface material.

Make sure the texture sample is set to wrap mode.

Set the fonts material here.

Avoid animating each letter individually by:

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I would appreciate a →

340325-capture23.png

Yes it can, see MindSurfDev’s answer for the Material for that below then just set up the Panner Node and plug that into it.