Return single taxonomy term outside the loop

Question

I'm trying to list just the first taxonomy term outside the loop.

This is working fine but it lists all terms, and I just need the first - any suggestions?

    $taxonomy = 'taxonomy-name-here';
    $queried_term = get_query_var($taxonomy);

    $terms = get_terms($taxonomy, 'slug='.$queried_term);
    if ($terms) {
      foreach($terms as $term) {
    echo ' ' . $term->name . ' ';
      }
    }

Edit: clarification: the above seems to be returning all categories within the taxonomy, I'm only looking to get the taxonomy category of the current page.

Update: I found a simple answer!:

$categories= wp_get_object_terms($post->ID, 'taxonomy-name');
echo $categories[0]->name;

Answer 1

$taxonomy = 'taxonomy-name-here';
$queried_term = get_query_var($taxonomy);
$term = get_term_by( 'slug', $queried_term, $taxonomy );
echo $term->name;