The reason we switched from newest on top to newest at the bottom is that you often add new projects for say a new time period, or version number, which would mean you would always have to move these. It’s more natural that current projects are at the top, that they get archived from the top when they’re done, and that new projects start at the bottom and as the older ones get archived, move again to the top.
One tip, if on Mac you control/right-click on a category you get the option to quickly sort the projects alphabetically.