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In brief, the best title will: 1) give a general idea of what the project is about 2) make you curious about the project and prompt you to read more and to participate in it 3) not be descriptive, but allusive 4) catch people's attention because of a play of words or a reference to movies, books, popular culture etc.
Your project's name needs to reflect what it does in a way that makes sense to newcomers who want to use or contribute to your project. That means considering the ecosystem for your technology and understanding if there are any naming styles or conventions used for similar kinds of projects.
There are many routes to choosing good project names, for example: Turn to naming guides. Look at past project names. Get inspiration from other places. Don't panic or overthink it. Avoid uninspiring names. Consider the readability of your name.
Coming up with a project name goes beyond choosing a cool or catchy name. It's also important to factor in aspects of your organizational culture such as your brand tone, business name or company values. As a general rule, you don't want to choose a project code name that goes against any of those.
So what are the hallmarks of a good project name? Here are a few suggestions: It should reflect the expected benefits or business outcomes of the project. It should be short ? short enough that you could give the project name & a brief description in the stereotypical thirty second elevator pitch.