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LABZ to GEL Converter and calculator

LABZ/GEL: 1 LABZ = 0.002172 GEL. The price of converting 1 Insane Labz (LABZ) to Georgian Lari (GEL) is 0.002172 GEL today.
LABZ
LABZ
GEL
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides LABZ to GEL real-time exchange rates, making it easy to convert Insane Labz (LABZ) to Georgian Lari (GEL). The conversion result is based on real-time data. The conversion result shows that 1 LABZ is currently valued at 0.00 GEL. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 LABZ is currently valued at 0.00 GEL, which means buying 5 LABZ would cost 0.01 GEL. Similarly, ₾1 GEL can be converted to 460.5 LABZ, and ₾50 GEL can be converted to 2,302.49 LABZ, excluding any platform or gas fees.

Convert LABZ to GEL

Convert GEL to LABZ

Insane Labz
Georgian Lari
10000 LABZ
21.72  GEL
In the table above, you'll find a comprehensive LABZ to GEL converter that shows the value of Insane Labz in Georgian Lari across commonly used conversion amounts. The list covers conversions from 1 LABZ to GEL, all the way up to 10000 LABZ, providing a clear view of their respective values.
Georgian Lari
Insane Labz
500 GEL
230,249.23 LABZ
1000 GEL
460,498.46 LABZ
2000 GEL
920,996.92 LABZ
5000 GEL
2,302,492.3 LABZ
10000 GEL
4,604,984.59 LABZ
50000 GEL
23,024,922.96 LABZ
100000 GEL
46,049,845.92 LABZ
In the table above, you'll find a comprehensive GEL to LABZ converter that shows the value of Georgian Lari in Insane Labz across commonly used conversion amounts. The list covers conversions from 1 GEL to LABZ, all the way up to 100000 GEL, providing a clear view of their respective values.

LABZ to GEL chart

LABZ/GEL: 1 LABZ = 0.002172 GEL; 2025/04/29 20:50:19
In the past 1D, Insane Labz has changed +0.26% to GEL. Based on the trend and price charts, Insane Labz(LABZ) has changed +0.26% to GEL while Georgian Lari(GEL) has changed % to LABZ in the last 24 hours.
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LABZ to GEL conversion data: Volatility and price changes of Insane Labz in GEL

The highest Insane Labz price in GEL over the past 7 days was 0.002249 GEL while the lowest Insane Labz price in GEL over the past 7 days was 0.002104 GEL. The relative change between the highs and lows in Insane Labz price in GEL over the last 7 days indicates a volatility of %. You can view additional volatility data and LABZ to GEL prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
0.002188 GEL
0.002249 GEL
0.002249 GEL
0.06091 GEL
Low
0.002158 GEL
0.002104 GEL
0.001529 GEL
0.001510 GEL
Average
0 GEL
0 GEL
0 GEL
0 GEL
Volatility
%
%
%
%
Change
+0.26%
+3.64%
+9.74%
-96.15%

Insane Labz information

LABZ to GEL market statistics

LABZ/GEL:
₾0.002172
LABZ 24h volume:
₾12,997.54
LABZ market cap:
₾107,772.32
LABZ circulating supply:
49.63M LABZ

Current LABZ to GEL exchange rate

Insane Labz to Georgian Lari is rising this week.
Insane Labz's current market price is ₾0.002172 per LABZ, with a total market cap of ₾107,772.32 GEL based on a circulating supply of 49,628,988 LABZ. The trading volume of Insane Labz has changed by -23.76% (₾-4,050.85 GEL) in the last 24 hours. Last trading day, LABZ's trading volume was ₾17,048.39.

More info about Insane Labz on Bitget

Georgian Lari information

About Georgian Lari (GEL)

The Georgian Lari (GEL), introduced in 1995, is more than just the official currency of Georgia; it's a symbol of the country's resilience, sovereignty, and economic evolution. It is commonly abbreviated as GEL and represented by the symbol ₾. Emerging from the shadows of the Soviet Union, Georgia's adoption of the Lari marked a significant step towards establishing a distinct national identity and economic independence.

Historical Background

The introduction of the Lari came at a crucial juncture in Georgia's history. Following the dissolution of the Soviet Union in 1991, Georgia underwent a period of severe economic crisis and political instability. The introduction of the Lari on September 25, 1995, replaced the provisional Coupon currency and symbolized a new beginning for the Georgian economy.

Design and Symbolism

The design of the Georgian Lari reflects the country's rich cultural heritage and history. The banknotes and coins feature prominent Georgian figures from various epochs, important architectural landmarks, and traditional ornamental patterns. These designs serve not only as a medium for economic transactions but also as a celebration of Georgia's identity and pride.

Economic Role

As the primary medium of exchange in Georgia, the Lari underpins all economic activities. Georgia's economy, characterized by its agricultural sector, burgeoning tourism industry, and growing services sector, relies on the stability and value of the Lari. The currency facilitates domestic and international trade, playing a critical role in the country’s economic development.

Monetary Policy and Inflation

The National Bank of Georgia, the country's central bank, is responsible for regulating the Lari. Monetary policies focus on maintaining price stability, controlling inflation, and ensuring a stable financial system. These measures are crucial for bolstering investor confidence and sustaining economic growth.

Bitget crypto-to-fiat exchange data shows that the most popular Insane Labz currency pair is the LABZ to GEL, with for Insane Labz's currency code being LABZ. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for GEL.

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How to convert LABZ to GEL

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Convert LABZ to GEL
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Buy LABZ (or USDT) for GEL (Georgian Lari) offers
Bitget P2P trading does not currently support direct buying of LABZ with GEL. However, you can buy USDT in Bitget P2P trading first, and then buy LABZ with USDT via Bitget spot market.
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LABZ to GEL Conversion tables

The exchange rate of Insane Labz is increasing.
The exchange rate of 1 LABZ to Georgian Lari has changed by +3.64% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.26%, reaching a high of 0.002188 GEL and a low of 0.002158 GEL . One month ago, the value of 1 LABZ was ₾0.001978 GEL , which represents a +9.74% change from its current value. Over the last year, Insane Labz has changed by
-
0.1042GEL
, resulting in a change of -97.96% in its value.
24 hours ago1 month ago1 year ago
Amount20:50 today24 hours ago24h change
0.5 LABZ₾0.001086₾0.001083
+0.26%
1 LABZ₾0.002172₾0.002166
+0.26%
5 LABZ₾0.01086₾0.01083
+0.26%
10 LABZ₾0.02172₾0.02166
+0.26%
50 LABZ₾0.1086₾0.1083
+0.26%
100 LABZ₾0.2172₾0.2166
+0.26%
500 LABZ₾1.09₾1.08
+0.26%
1000 LABZ₾2.17₾2.17
+0.26%

LABZ to GEL FAQ

How much is 1 Insane Labz in GEL?
Right now, the price of 1 Insane Labz (LABZ) in Georgian Lari (GEL) is ₾0.002172.
How much LABZ can I buy for 1 GEL?
Based on the current exchange rate, you can get 460.5 LABZ for 1 GEL.
How do I calculate or convert LABZ to GEL?
You can use our LABZ to GEL calculator at the top of this page to convert any amount of LABZ to GEL. We've also included quick-reference tables for the most popular conversions. For example, 5 GEL is equivalent to 2,302.49 LABZ, while 5 LABZ will cost around 0.01086GEL.
What is the highest price of LABZ/GEL in history?
The all-time high price of 1 LABZ in GEL is ₾0.9167. It remains to be seen if the value of 1 LABZ/GEL will exceed the current all-time high.
What is the price trend of Insane Labz in GEL?
Over the past 7 days, the exchange rate of Insane Labz (LABZ) has gone up by 3.64%.   Over the last month, the exchange rate of Insane Labz (LABZ) has gone up by 9.74% against Georgian Lari (GEL).

What factors influence the conversion rate of LABZ to GEL?

There are many factors that affect the relationship between Insane Labz and Georgian Lari, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of LABZ/GEL. When there is positive news in the market about the widespread adoption of LABZ or major technological breakthroughs, it tends to trigger market optimism and drive the rise of LABZ/GEL. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in LABZ/GEL.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of LABZ/GEL. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Insane Labz and adjust their investment strategies accordingly in the evolving market.

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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.