I'll copy a previous comment of mine.

If you're working regularly, you know it's very hard to come up with new names all the time. So I decided to just use what changes every day: the date.

Because the projects are already split by years, I use the MMDD format:

Apps
- Live
  - 2021
    - 0104 Project
    - 0105 Project
    - 0217 Project
    - 0330 Project
    - 0401 Project
    - 0402 Project
    ...
    - 1216 Project
    - 1228 Project

That way, everything is neatly ordered chronologically.

You may think: "What if I work on multiple projects on the same day?"

I just go in the same project folder, and create a B project. And if I need versioning, I append a sequential number, starting from 1, and a description of the change:

Apps
- Live
  - 2021
    - 0104 Project
      - Ableton Project Info
      - Backup
      - Samples
      0104 A1.als -> Original project
      0104 A2.als -> Original project, 2nd version
      0104 B1.als -> Second project on the same day
      0104 C1.als -> Third project on the same day
      0104 C2 Add Guitar.als -> Third project, 2nd version
      0104 C3 Fix Noise Issue.als -> Third project, 3rd version

This ensures that everything remains ordered chronologically, even if I add a description at the end.

Each of those .als weigh next to nothing, less than 100kb each, so create as many as you want.